NYSE:NE
NYSE:NEEnergy Services

Noble (NE) Margins Fall to 6.9%, Challenging Bullish Earnings Narratives

Noble (NE) posted a mixed set of results this quarter, with forecasted earnings set to climb 29.65% per year for the next three years. This pace sharply outpaces the broader US market’s 15.6% growth rate. Despite achieving an impressive 72.1% average annual earnings growth over the last five years and recently turning profitable, Noble’s latest year saw both negative earnings growth and a contraction in net profit margins. Net profit margins now stand at 6.9% compared to 19% previously...