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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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.
About OM:RAKE
Raketech Group Holding
Operates as an affiliate and performance marketing company worldwide.
Undervalued with reasonable growth potential.
