Stock Analysis

Mips Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St

July 20, 2024

Mips (STO:MIPS) Second Quarter 2024 Results

Key Financial Results

Revenue: kr133.0m (up 30% from 2Q 2023).
Net income: kr40.0m (up 100% from 2Q 2023).
Profit margin: 30% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: kr1.51 (up from kr0.76 in 2Q 2023).

earnings-and-revenue-history — OM:MIPS Earnings and Revenue History July 20th 2024

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

Mips Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Leisure industry in Europe.

Performance of the market in Sweden.

The company's shares are up 30% from a week ago.

Valuation

Our analysis of Mips based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

Valuation is complex, but we're helping make it simple.

Find out whether Mips 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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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.