Evolution Third Quarter 2024 Earnings: EPS Beats Expectations

Evolution (STO:EVO) Third Quarter 2024 Results

Key Financial Results

• Revenue: €579.0m (up 28% from 3Q 2023).
• Net income: €328.6m (up 21% from 3Q 2023).
• Profit margin: 57% (down from 60% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €1.57 (up from €1.28 in 3Q 2023).

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

Evolution EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Evolution that you should be aware of.

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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.