We Think You Should Be Aware Of Some Concerning Factors In Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) Earnings

The recent earnings posted by Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

The Impact Of Unusual Items On Profit

For anyone who wants to understand Motor Oil (Hellas) Corinth Refineries' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from €278m worth of unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And, after all, that's exactly what the accounting terminology implies. We can see that Motor Oil (Hellas) Corinth Refineries' positive unusual items were quite significant relative to its profit in the year to September 2025. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

Our Take On Motor Oil (Hellas) Corinth Refineries' Profit Performance

As we discussed above, we think the significant positive unusual item makes Motor Oil (Hellas) Corinth Refineries' earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Motor Oil (Hellas) Corinth Refineries' underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 66% EPS growth in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into Motor Oil (Hellas) Corinth Refineries, you'd also look into what risks it is currently facing. Our analysis shows 4 warning signs for Motor Oil (Hellas) Corinth Refineries (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing.

This note has only looked at a single factor that sheds light on the nature of Motor Oil (Hellas) Corinth Refineries' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.