Hexagon Third Quarter 2024 Earnings: Misses Expectations

Hexagon (STO:HEXA B) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.30b (down 3.7% from 3Q 2023).
• Net income: €235.2m (up 181% from 3Q 2023).
• Profit margin: 18% (up from 6.2% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.088 (up from €0.031 in 3Q 2023).

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

Hexagon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 5.7%.

Looking ahead, revenue is forecast to grow 7.3% 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 up 2.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Hexagon's balance sheet.

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