Fabege First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Fabege (STO:FABG) First Quarter 2024 Results

Key Financial Results

• Revenue: kr1.01b (flat on 1Q 2023).
• Net loss: kr699.0m (loss narrowed by 56% from 1Q 2023).
• kr2.22 loss per share (improved from kr5.04 loss in 1Q 2023).

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

Fabege Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Real Estate industry in Sweden.

Performance of the Swedish Real Estate industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Fabege (including 1 which is a bit concerning).

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