Coor Service Management Holding First Quarter 2024 Earnings: EPS Misses Expectations

Coor Service Management Holding (STO:COOR) First Quarter 2024 Results

Key Financial Results

• Revenue: kr3.12b (up 4.9% from 1Q 2023).
• Net income: kr62.0m (up 13% from 1Q 2023).
• Profit margin: 2.0% (up from 1.8% in 1Q 2023).
• EPS: kr0.70 (up from kr0.58 in 1Q 2023).

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

Coor Service Management Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Coor Service Management Holding that you need to take into consideration.

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