BWG Full Year 2023 Earnings: EPS Misses Expectations

BWG (OB:BWLPG) Full Year 2023 Results

Key Financial Results

• Revenue: US$2.95b (up 89% from FY 2022).
• Net income: US$470.0m (up 107% from FY 2022).
• Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$3.53 (up from US$1.68 in FY 2022).

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

BWG EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%.

Looking ahead, revenue is expected to fall by 58% p.a. on average during the next 3 years compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for BWG (2 are a bit unpleasant) 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.