Aker Solutions First Quarter 2024 Earnings: Beats Expectations

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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