Castellum Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Castellum (STO:CAST) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr2.53b (up 43% from 2Q 2023).
• Net income: kr77.0m (down 84% from 2Q 2023).
• Profit margin: 3.0% (down from 27% in 2Q 2023).
• EPS: kr0.16 (down from kr1.12 in 2Q 2023).

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

Castellum Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 92%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Real Estate industry in Sweden.

Performance of the Swedish Real Estate industry.

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

Risk Analysis

Be aware that Castellum is showing 1 warning sign in our investment analysis that you should know about...

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