Cint Group Second Quarter 2024 Earnings: Misses Expectations

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).

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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