Stock Analysis
- Sweden
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- Consumer Finance
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- OM:RESURS
Resurs Holding First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Resurs Holding (STO:RESURS) First Quarter 2024 Results
Key Financial Results
- Revenue: kr423.7m (down 25% from 1Q 2023).
- Net income: kr15.2m (down 91% from 1Q 2023).
- Profit margin: 3.6% (down from 29% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: kr0.05 (down from kr0.83 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Resurs Holding EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Consumer Finance industry in Europe.
Performance of the market in Sweden.
The company's shares are down 4.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Resurs Holding has 1 warning sign we think you should be aware of.
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About OM:RESURS
Resurs Holding
Resurs Holding AB (publ), through its subsidiaries, engages in the provision of payment solutions and consumer loans in Sweden, Norway, Finland, and Denmark.
High growth potential with adequate balance sheet.