Careium Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Careium (STO:CARE) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr201.7m (down 7.2% from 3Q 2023).
• Net income: kr10.0m (down 12% from 3Q 2023).
• Profit margin: 5.0% (down from 5.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: kr0.41 (down from kr0.47 in 3Q 2023).

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

Careium EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Medical Equipment industry in Sweden.

Performance of the Swedish Medical Equipment industry.

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

Risk Analysis

Be aware that Careium is showing 1 warning sign in our investment analysis that 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.