Stock Analysis
Comarch First Quarter 2024 Earnings: EPS: zł2.70 (vs zł2.84 in 1Q 2023)
Comarch (WSE:CMR) First Quarter 2024 Results
Key Financial Results
- Revenue: zł434.7m (up 1.7% from 1Q 2023).
- Net income: zł22.0m (down 4.7% from 1Q 2023).
- Profit margin: 5.1% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: zł2.70 (down from zł2.84 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Comarch Earnings Insights
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Europe.
Performance of the market in Poland.
The company's shares are up 3.2% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Comarch's balance sheet.
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About WSE:CMR
Flawless balance sheet with moderate growth potential.