Scatec (OB:SCATC) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr2.97b (up 269% from 3Q 2023).
- Net income: kr1.62b (up by kr1.58b from 3Q 2023).
- Profit margin: 55% (up from 5.6% in 3Q 2023).
- EPS: kr10.20 (up from kr0.28 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scatec Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Norway are expected to grow by 2.0%.
Performance of the Norwegian Renewable Energy industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Scatec (2 are concerning!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OB:SCATC
Good value low.
