Stock Analysis

Resurs Holding Second Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

July 23, 2024

Resurs Holding (STO:RESURS) Second Quarter 2024 Results

Key Financial Results

Revenue: kr503.2m (down 16% from 2Q 2023).
Net income: kr22.7m (down 88% from 2Q 2023).
Profit margin: 4.5% (down from 31% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: kr0.11 (down from kr0.93 in 2Q 2023).

earnings-and-revenue-growth — OM:RESURS Earnings and Revenue Growth July 23rd 2024

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

Resurs Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe.

Performance of the market in Sweden.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Resurs Holding you should know about.

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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.