Avance Gas Holding (OB:AGAS) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$67.7m (down 20% from 2Q 2023).
- Net income: US$60.6m (up 70% from 2Q 2023).
- Profit margin: 90% (up from 42% in 2Q 2023).
- EPS: US$0.79 (up from US$0.47 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avance Gas Holding EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.
Looking ahead, revenue is expected to fall by 45% p.a. on average during the next 3 years compared to a 5.2% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Avance Gas Holding (2 are potentially serious!) that you should be aware of.
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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 OB:AGAS
Avance Gas Holding
Engages in the transportation of liquefied petroleum gas (LPG) worldwide.
Undervalued with solid track record.
