Fabege (STO:FABG) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr935.0m (down 15% from 3Q 2023).
- Net income: kr14.0m (up from kr992.0m loss in 3Q 2023).
- Profit margin: 1.5% (up from net loss in 3Q 2023).
- EPS: kr0.045 (up from kr3.15 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fabege Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 95%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Sweden.
Performance of the Swedish Real Estate industry.
The company's shares are down 10% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Fabege (1 can't be ignored) you should be aware of.
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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.
About OM:FABG
Fabege
A property company, focuses primarily on the development, investment, and management of commercial premises in Sweden.
Reasonable growth potential second-rate dividend payer.
