Acconeer Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Acconeer (STO:ACCON) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr14.6m (up 74% from 3Q 2023).
• Net loss: kr4.32m (loss narrowed by 55% from 3Q 2023).
• kr0.069 loss per share (improved from kr0.36 loss in 3Q 2023).

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

Acconeer EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Sweden.

Performance of the Swedish Electronic industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Acconeer has 4 warning signs (and 1 which shouldn't be ignored) we think 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.