Ambea (STO:AMBEA) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr3.52b (up 6.3% from 2Q 2023).
- Net income: kr95.0m (up 107% from 2Q 2023).
- Profit margin: 2.7% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr1.10 (up from kr0.51 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ambea EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Healthcare industry in Sweden.
Performance of the Swedish Healthcare industry.
The company's shares are up 6.6% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ambea (1 is potentially serious) you should be aware of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:AMBEA
Ambea
Provides elderly care, disability care, and psychosocial support for the elderly and people with disabilities primarily in Sweden, Norway, and Denmark.
Very undervalued with solid track record.