NYSE:SMOil and Gas
SM Energy (SM) Net Margin Declines to 27.1%, Testing Bullish Case on Profit Resilience
SM Energy (SM) reported a net profit margin of 27.1%, falling short of last year’s 34.3%. While the company became profitable over the past five years and averaged 47% annual earnings growth during that period, earnings growth in the most recent year slowed to just 0.2%. Looking ahead, investors are weighing the company’s historically strong profit growth against forecasts that call for a 14.6% annual decline in earnings over the next three years.
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