Stock Analysis
PetroChina (HKG:857) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥741.7b (flat on 2Q 2023).
- Net income: CN¥42.9b (up 3.1% from 2Q 2023).
- Profit margin: 5.8% (up from 5.6% in 2Q 2023).
- EPS: CN¥0.23 (up from CN¥0.23 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PetroChina Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat.
Performance of the Hong Kong Oil and Gas industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for PetroChina you should be aware of, and 1 of them is a bit concerning.
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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 SEHK:857
PetroChina
Engages in a range of petroleum related products, services, and activities in Mainland China and internationally.