Eltel Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Eltel (STO:ELTEL) Second Quarter 2024 Results

Key Financial Results

• Revenue: €216.0m (up 3.8% from 2Q 2023).
• Net loss: €3.60m (loss narrowed by 32% from 2Q 2023).
• €0.023 loss per share (improved from €0.034 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eltel Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Sweden.

Performance of the Swedish Construction industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Eltel's balance sheet and an in-depth analysis of the company's financial position.

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