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HMS Networks Second Quarter 2024 Earnings: EPS Misses Expectations
HMS Networks (STO:HMS) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr845.0m (up 20% from 2Q 2023).
- Net income: kr34.0m (down 71% from 2Q 2023).
- Profit margin: 4.0% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: kr0.70 (down from kr2.49 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HMS Networks EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Sweden.
Performance of the Swedish Communications industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for HMS Networks you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if HMS Networks might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About OM:HMS
HMS Networks
Engages in the provision of products that enable industrial equipment to communicate and share information worldwide.