Proact IT Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Proact IT Group (STO:PACT) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr1.13b (up 6.4% from 3Q 2023).
• Net income: kr51.9m (up 3.8% from 3Q 2023).
• Profit margin: 4.6% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: kr1.92 (up from kr1.82 in 3Q 2023).

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

Proact IT Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the IT industry in Sweden.

Performance of the Swedish IT industry.

The company's shares are down 2.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Proact IT Group's balance sheet.

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