Stock Analysis
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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About OB:AKSO
Aker Solutions
Aker Solutions ASA 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 and fair value.