Stock Analysis
- Sweden
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- Consumer Durables
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- OM:ELUX B
AB Electrolux First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
AB Electrolux (STO:ELUX B) First Quarter 2024 Results
Key Financial Results
- Revenue: kr31.1b (down 5.1% from 1Q 2023).
- Net loss: kr1.23b (loss widened by 109% from 1Q 2023).
- kr4.56 loss per share (further deteriorated from kr2.18 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AB Electrolux Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Sweden.
Performance of the Swedish Consumer Durables industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for AB Electrolux that you should be aware of.
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Find out whether AB Electrolux is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About OM:ELUX B
AB Electrolux
AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide.
Undervalued with high growth potential.