Gulf Marine Services First Half 2024 Earnings: EPS: US$0.007 (vs US$0.008 in 1H 2023)

Gulf Marine Services (LON:GMS) First Half 2024 Results

Key Financial Results

• Revenue: US$80.7m (up 8.7% from 1H 2023).
• Net income: US$7.02m (down 16% from 1H 2023).
• Profit margin: 8.7% (down from 11% in 1H 2023).
• EPS: US$0.007 (down from US$0.008 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gulf Marine Services Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Energy Services industry in the United Kingdom.

Performance of the British Energy Services industry.

The company's shares are down 6.5% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Gulf Marine Services (including 2 which are a bit concerning).

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