Oatly Group (NASDAQ:OTLY) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$208.0m (up 11% from 3Q 2023).
- Net loss: US$34.6m (down by 178% from US$44.1m profit in 3Q 2023).
- US$0.058 loss per share (down from US$0.074 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Oatly Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Oatly Group you should be aware of.
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About NasdaqGS:OTLY
Oatly Group
An oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia.
Undervalued with imperfect balance sheet.
