Green Landscaping Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

August 25, 2024

Green Landscaping Group (STO:GREEN) Second Quarter 2024 Results

Key Financial Results

Revenue: kr1.67b (up 12% from 2Q 2023).
Net income: kr59.0m (up 51% from 2Q 2023).
Profit margin: 3.5% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: kr1.04 (up from kr0.70 in 2Q 2023).

earnings-and-revenue-growth — OM:GREEN Earnings and Revenue Growth August 25th 2024

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

Green Landscaping Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company's shares are down 5.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Green Landscaping Group's balance sheet health.

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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.