Better Collective (STO:BETCO) Q2 2024 Results
Key financial results
- Sales: €99.1 million (up 27% compared to Q2 2023).
- Net profit: €10.3 million (up 24% compared to Q2 2023).
- Profit margin: 10% (equivalent to Q2 2023).
- Earnings per share: €0.16 (compared to €0.15 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Better collective earnings per share miss expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates by 5.9%.
An average sales growth of 15% per annum is expected for the next three years. In the Swedish interactive media and services industry, however, the growth forecast is 17%.
Performance of Swedish interactive media and services industry.
The company’s shares fell 7.9% compared to the previous week.
Risk analysis
You still need to consider risks, for example – Better Collective has 3 warning signs (and 1 that can’t be ignored) that we think you should know about.
Valuation is complex, but we are here to simplify it.
Find out if Better Collective could be undervalued or overvalued with our detailed analysis, including Fair value estimates, potential risks, dividends, insider trading and the company’s financial condition.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
