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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