Eastnine Third Quarter 2024 Earnings: EPS: €0.009 (vs €0.29 loss in 3Q 2023)

Eastnine (STO:EAST) Third Quarter 2024 Results

Key Financial Results

• Revenue: €10.7m (up 18% from 3Q 2023).
• Net income: €801.0k (up from €25.6m loss in 3Q 2023).
• Profit margin: 7.5% (up from net loss in 3Q 2023).
• EPS: €0.009 (up from €0.29 loss in 3Q 2023).

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

Eastnine Earnings Insights

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Real Estate industry in Sweden.

Performance of the Swedish Real Estate industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Eastnine (1 is a bit unpleasant!) that you should be aware of.

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