Aker Solutions (OB:AKSO) First Quarter 2024 Results
Key Financial Results
- Revenue: kr11.5b (flat on 1Q 2023).
- Net income: kr890.0m (up 130% from 1Q 2023).
- Profit margin: 7.8% (up from 3.4% in 1Q 2023).
- EPS: kr1.82 (up from kr0.79 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aker Solutions Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 131%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Energy Services industry in Norway.
Performance of the Norwegian Energy Services industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Be aware that Aker Solutions is showing 2 warning signs in our investment analysis that you should know about...
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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:AKSO
Aker Solutions
Provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally.
Flawless balance sheet second-rate dividend payer.
