Prosafe Future Growth

Future criteria checks 5/6

Prosafe is forecast to grow earnings and revenue by 109.2% and 24.4% per annum respectively while EPS is expected to grow by 107.6% per annum.

Key information

109.2%

Earnings growth rate

107.6%

EPS growth rate

Energy Services earnings growth	12.1%
Revenue growth rate	24.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	20 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:1Q6 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	225	30	N/A	N/A	2
12/31/2025	152	-9	N/A	N/A	2
12/31/2024	139	-36	N/A	N/A	2
9/30/2024	131	-45	14	27	N/A
6/30/2024	129	-39	-12	4	N/A
3/31/2024	116	-55	-44	-19	N/A
12/31/2023	96	-68	-49	-11	N/A
9/30/2023	108	-60	-25	9	N/A
6/30/2023	138	-45	17	48	N/A
3/31/2023	178	-8	37	56	N/A
12/31/2022	199	2	39	49	N/A
9/30/2022	188	1,047	47	60	N/A
6/30/2022	171	1,028	42	53	N/A
3/31/2022	160	1,006	18	31	N/A
12/31/2021	140	928	6	23	N/A
9/30/2021	128	-139	-29	-15	N/A
6/30/2021	94	-154	-58	-44	N/A
3/31/2021	48	-185	-40	-28	N/A
12/31/2020	57	-950	-36	-33	N/A
9/30/2020	67	-934	-30	-21	N/A
6/30/2020	112	-1,271	-17	31	N/A
3/31/2020	183	-1,227	-17	57	N/A
12/31/2019	225	-400	9	87	N/A
9/30/2019	271	-412	32	103	N/A
6/30/2019	288	-164	53	89	N/A
3/31/2019	313	-159	100	113	N/A
12/31/2018	329	-114	138	147	N/A
9/30/2018	332	-49	158	166	N/A
6/30/2018	328	-572	N/A	158	N/A
3/31/2018	289	-612	N/A	134	N/A
12/31/2017	282	-647	N/A	156	N/A
9/30/2017	269	-720	N/A	179	N/A
6/30/2017	329	117	N/A	241	N/A
3/31/2017	383	155	N/A	266	N/A
12/31/2016	410	173	N/A	186	N/A
9/30/2016	408	62	N/A	150	N/A
6/30/2016	433	-86	N/A	81	N/A
3/31/2016	410	-79	N/A	102	N/A
12/31/2015	431	-51	N/A	172	N/A
9/30/2015	466	143	N/A	231	N/A
6/30/2015	482	158	N/A	315	N/A
3/31/2015	523	188	N/A	262	N/A
12/31/2014	490	179	N/A	248	N/A
9/30/2014	484	188	N/A	267	N/A
6/30/2014	474	205	N/A	274	N/A
3/31/2014	484	218	N/A	272	N/A
12/31/2013	478	199	N/A	268	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1Q6 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: 1Q6 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 1Q6 is expected to become profitable in the next 3 years.

Revenue vs Market: 1Q6's revenue (24.4% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: 1Q6's revenue (24.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 1Q6's Return on Equity is forecast to be high in 3 years time

Prosafe Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Recent updates

Third quarter 2024 earnings released: US$0.66 loss per share (vs US$0.49 loss in 3Q 2023)

Second quarter 2024 earnings released: US$0.58 loss per share (vs US$2.59 loss in 2Q 2023)

New minor risk - Profitability

First quarter 2024 earnings released: US$0.48 loss per share (vs US$2.47 loss in 1Q 2023)

Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022)

Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022)

New minor risk - Market cap size

Prosafe SE Announces Resignation of Simen Flaaten as Board member

Prosafe SE to Report Q2, 2024 Results on Aug 15, 2024

Third quarter 2023 earnings released: US$0.49 loss per share (vs US$1.13 profit in 3Q 2022)

Prosafe SE to Report Q3, 2023 Results on Oct 25, 2023

Prosafe Se: Announces Resignation of Alf C. Thorkildsen as Board Member

Prosafe SE to Report Q4, 2023 Results on Feb 01, 2024

Second quarter 2023 earnings released: US$2.59 loss per share (vs US$1.20 profit in 2Q 2022)

Prosafe SE Announces Executive Changes

Prosafe Se Approves Board Elections

Prosafe Se Announces Executive Changes

First quarter 2023 earnings released: US$2.47 loss per share (vs US$1.35 loss in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$0.17 (vs US$263 in FY 2021)

Prosafe SE to Report Q4, 2022 Results on Feb 28, 2023

Prosafe SE to Report Q1, 2023 Results on May 11, 2023

Independent Non-Executive Director recently sold €344k worth of stock

Independent Non-Executive Director recently sold €344k worth of stock

Third quarter 2022 earnings released

Second quarter 2022 earnings released

Prosafe SE Announces Executive Changes

Prosafe SE ADR – Unsponsored to Be Deleted from Other OTC

Prosafe SE ADR – Unsponsored to Be Deleted from Other OTC

Independent Non-Executive Director recently bought €63k worth of stock

First quarter 2022 earnings released

Prosafe SE Appoints Halvard Idland as New Director

Full year 2021 earnings released

Prosafe SE Announces Resignation of Stig H. Christiansen as CFO

Independent Non-Executive Director recently bought €126k worth of stock

Independent Non-Executive Director recently bought €134k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.28 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.48 loss in 2Q 2020)

First quarter 2021 earnings released: US$1.02 loss per share (vs US$9.72 loss in 1Q 2020)

Gulating Court of Appeal Judgement in the Case Between Prosafe and Westcon Regarding the TSV Safe Scandinavia Conversion

Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019)

Prosafe SE Enters into Contract with CNOOC Petroleum Europe Limited for the Charter of the Safe Boreas to Provide Gangway Connected Operations Supporting the Buzzard Platform Complex in the UK Sector of the North Sea

Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019)

Revenue beats expectations

Prosafe SE and EnQuest Agrees on a Settlement of the Cancelled Contract for the Safe Zephyrus in 2020

New 90-day high: €0.22

Revenue misses expectations

Third quarter 2020 earnings released: US$0.28 loss per share

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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