Stock Analysis

PowerCell Sweden Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

Published October 18, 2024

PowerCell Sweden (STO:PCELL) Third Quarter 2024 Results

Key Financial Results

Revenue: kr71.9m (up 2.8% from 3Q 2023).
Net loss: kr15.9m (loss widened by 139% from 3Q 2023).
kr0.30 loss per share (further deteriorated from kr0.13 loss in 3Q 2023).

OM:PCELL Earnings and Revenue Growth October 18th 2024

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

PowerCell Sweden Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electrical industry in Sweden.

Performance of the Swedish Electrical industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for PowerCell Sweden (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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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.