Ework Group (STO:EWRK) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr3.23b (down 11% from 3Q 2023).
- Net income: kr25.7m (up 19% from 3Q 2023).
- Profit margin: 0.8% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: kr1.49 (up from kr1.25 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ework Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Sweden.
Performance of the Swedish Professional Services industry.
The company's shares are down 5.4% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ework Group, and understanding them should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Ework Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About OM:EWRK
Ework Group
Provides total talent solutions with a focus on IT/OT, R&D, engineering, and business development in Sweden, Denmark, Norway, Finland, Slovakia, and Poland.
Flawless balance sheet with high growth potential and pays a dividend.