Stock Analysis

Cint Group Second Quarter 2024 Earnings: Misses Expectations

Published
OM:CINT

Cint Group (STO:CINT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €42.1m (down 38% from 2Q 2023).
  • Net loss: €6.98m (loss widened by 63% from 2Q 2023).
  • €0.03 loss per share (further deteriorated from €0.02 loss in 2Q 2023).
OM:CINT Earnings and Revenue Growth July 22nd 2024

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

Cint Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 16% growth forecast for the Software industry in Sweden.

Performance of the Swedish Software industry.

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

Risk Analysis

You still need to take note of risks, for example - Cint Group has 2 warning signs we think 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.