Stolt-Nielsen First Quarter 2024 Earnings: Beats Expectations

Stolt-Nielsen (OB:SNI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$707.3m (flat on 1Q 2023).
• Net income: US$104.0m (up 4.2% from 1Q 2023).
• Profit margin: 15% (in line with 1Q 2023).
• EPS: US$1.94 (up from US$1.87 in 1Q 2023).

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

Stolt-Nielsen Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Stolt-Nielsen.

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