Stock Analysis
- Brazil
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- Commercial Services
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- BOVESPA:OPCT3
OceanPact Serviços Marítimos Full Year 2023 Earnings: Beats Expectations
OceanPact Serviços Marítimos (BVMF:OPCT3) Full Year 2023 Results
Key Financial Results
- Revenue: R$1.65b (up 37% from FY 2022).
- Net income: R$73.3m (up from R$93.0m loss in FY 2022).
- Profit margin: 4.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
- EPS: R$0.36 (up from R$0.47 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OceanPact Serviços Marítimos Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Commercial Services industry in Brazil.
Performance of the Brazilian Commercial Services industry.
The company's shares are up 7.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - OceanPact Serviços Marítimos has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BOVESPA:OPCT3
OceanPact Serviços Marítimos
Provides services related to the study, protection, monitoring, and sustainable use of the sea, coastline, and marine resources in Brazil and internationally.
Fair value with moderate growth potential.