DOF Group (OB:DOFG) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$332.0m (up 14% from 2Q 2023).
- Net income: US$6.00m (down 94% from 2Q 2023).
- Profit margin: 1.8% (down from 36% in 2Q 2023).
- EPS: US$0.034 (down from US$0.65 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DOF Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 84%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Norway.
Performance of the Norwegian Energy Services industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with DOF Group (including 1 which shouldn't be ignored).
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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:DOFG
Very undervalued with reasonable growth potential.
