NRC Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 09/01 08:20

NRC Group (OB:NRC) Second Quarter 2024 Results

Key Financial Results

  • Revenue: kr1.75b (down 2.8% from 2Q 2023).
  • Net loss: kr785.0m (down from kr37.0m profit in 2Q 2023).
  • kr10.78 loss per share (down from kr0.51 profit in 2Q 2023).
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OB:NRC Earnings and Revenue Growth September 1st 2024

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

NRC Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are down 40% from a week ago.

Risk Analysis

Be aware that NRC Group is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...