Stock Analysis
Ørsted (CPH:ORSTED) First Quarter 2024 Results
Key Financial Results
- Revenue: kr.19.2b (down 35% from 1Q 2023).
- Net income: kr.2.39b (down 15% from 1Q 2023).
- Profit margin: 13% (up from 9.6% in 1Q 2023).
- EPS: kr.5.70.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ørsted Revenues Disappoint
Revenue missed analyst estimates by 31%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Performance of the market in Denmark.
The company's shares are up 3.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Ørsted that you should be aware of.
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About CPSE:ORSTED
Ørsted
Develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.
Moderate growth potential with mediocre balance sheet.