OB:OKEAOil and Gas
OKEA (OB:OKEA) Forecasts Profitability Despite 11.5% Revenue Decline, Challenging Bearish Narratives
OKEA (OB:OKEA) faces a mixed outlook, with revenue projected to decline at an annual rate of 11.5% over the next three years, even as earnings are forecast to grow a robust 52.4% per year and shift the company into profitability. Losses have deepened by 10.4% per year over the past five years and no margin improvement has yet materialized, but analysts now anticipate a transition into the black within three years, outpacing the broader market’s recovery pace.
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