Stock Analysis
Addnode Group Second Quarter 2024 Earnings: EPS Misses Expectations
Addnode Group (STO:ANOD B) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr2.01b (up 29% from 2Q 2023).
- Net income: kr54.0m (up 59% from 2Q 2023).
- Profit margin: 2.7% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr0.41 (up from kr0.26 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Addnode Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Sweden.
Performance of the Swedish IT industry.
The company's shares are down 11% from a week ago.
Risk Analysis
Be aware that Addnode Group 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.
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About OM:ANOD B
Addnode Group
Offers software and services for the design, construction, product data information, project collaboration, and facility management in Sweden, Nordic countries, the United States, the United Kingdom, Germany, and internationally.
