OB:AKASTEnergy Services
Akastor (OB:AKAST) Stock Faces Profitability Doubts After Revenue Jump And Loss
Akastor went into this earnings day with a flat one month share price, ending Q2 at NOK13.74 and trading on a rich 27.1x trailing P/E that assumed its return to profit would hold. The headline from the release is very different. Quarterly revenue came in at NOK156m while the company swung to a net loss of NOK12m from a strong profit in Q1.
For a stock that recently looked fairly valued against a discounted cash flow estimate, this earnings reset puts the focus squarely on how durable that...