- Fortnox reported net sales of SEK 523 million for the third quarter, falling short of the estimated SEK 529.1 million.
- The company’s operating profit was SEK 235 million, just below the expected SEK 237.2 million.
- Fortnox achieved an operating margin of 45%, slightly above the forecasted 44.9%.
- Net income stood at SEK 189 million, nearly matching the estimate of SEK 189.5 million.
- Analyst recommendations for Fortnox comprise 8 buy ratings, no hold ratings, and 4 sell ratings.
A look at Fortnox Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Fortnox AB’s long-term outlook using the Smart Scores system, which provides a comprehensive evaluation of various aspects of the company. With a high Growth score of 5 out of 5, Fortnox is positioned favorably for future expansion and development. This indicates a strong potential for the company to increase its market share and revenue over time.
Additionally, Fortnox received a Resilience score of 4, showcasing its ability to withstand economic challenges and market fluctuations. Combined with a moderate Momentum score of 3, Fortnox demonstrates steady progress and a positive trajectory in the industry. While certain areas like Value and Dividend scored lower, the overall assessment highlights Fortnox‘s strengths in growth and resilience in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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