Stock Analysis

Scana Full Year 2023 Earnings: EPS Beats Expectations

Simply Wall St

April 25, 2024

Scana (OB:SCANA) Full Year 2023 Results

Key Financial Results

Revenue: kr1.61b (up 77% from FY 2022).
Net income: kr71.6m (up from kr44.5m loss in FY 2022).
Profit margin: 4.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: kr0.16 (up from kr0.12 loss in FY 2022).

revenue-and-expenses-breakdown — OB:SCANA Revenue and Expenses Breakdown April 25th 2024

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

Scana EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.

The primary driver behind last 12 months revenue was the Offshore Segment segment contributing a total revenue of kr767.0m (48% of total revenue). Notably, cost of sales worth kr881.3m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr462.0m (71% of total expenses). Explore how SCANA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Scana that you need to be mindful of.

Valuation is complex, but we're helping make it simple.

Find out whether Scana is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

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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.