Oatly Group (OTLY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Oatly Group AB reported revenue of $208 million for the quarter ended September 2024, reflecting a year-over-year increase of 10.9% [1] - The earnings per share (EPS) for the quarter was -$0.06, an improvement from -$0.07 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $207.87 million by 0.07% [1] - The company did not deliver an EPS surprise as the consensus estimate was also -$0.06 [1] Revenue Breakdown - Revenue from Europe & International was $109.85 million, slightly below the average estimate of $112.28 million from three analysts [3] - Revenue from Greater China reached $29.07 million, surpassing the average estimate of $27.50 million from three analysts [3] - Revenue from North America was $69.07 million, exceeding the average estimate of $67.70 million from three analysts [3] Stock Performance - Oatly Group's shares have increased by 14.4% over the past month, compared to a 3.2% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]