Cool (OB:CLCO) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$83.4m (down 2.9% from 2Q 2023).
- Net income: US$26.1m (down 42% from 2Q 2023).
- Profit margin: 31% (down from 52% in 2Q 2023).
- EPS: US$0.48 (down from US$0.84 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cool EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.3% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's shares are up 6.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 5 warning signs for Cool (2 are a bit unpleasant!) that we have uncovered.
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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:CLCO
Cool
Engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs).
Undervalued slight.
