Raketech Group Holding Third Quarter 2024 Earnings: Misses Expectations

Raketech Group Holding (STO:RAKE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €12.9m (down 40% from 3Q 2023).
• Net loss: €73.0k (down by 109% from €844.0k profit in 3Q 2023).
• €0.002 loss per share (down from €0.02 profit in 3Q 2023).

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

Raketech Group Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 6.5% 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 down 33% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Raketech Group Holding that you need to be mindful of.

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