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Neste Oyj Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Neste Oyj (HEL:NESTE) Third Quarter 2024 Results
Key Financial Results
- Revenue: €5.62b (down 5.8% from 3Q 2023).
- Net income: €23.0m (down 96% from 3Q 2023).
- Profit margin: 0.4% (down from 9.0% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: €0.03 (down from €0.70 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Neste Oyj Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 76%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Oil and Gas industry in Europe.
Performance of the market in Finland.
The company's shares are down 9.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Neste Oyj (2 are significant) 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 HLSE:NESTE
Neste Oyj
Provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally.
Reasonable growth potential with adequate balance sheet and pays a dividend.