Stock Analysis
Equinor (OB:EQNR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$25.4b (down 1.8% from 3Q 2023).
- Net income: US$2.28b (down 8.6% from 3Q 2023).
- Profit margin: 9.0% (in line with 3Q 2023).
- EPS: US$0.83 (down from US$0.84 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Equinor Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
Looking ahead, revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 5.6% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Equinor you should be aware of, and 1 of them is a bit unpleasant.
Valuation is complex, but we're here to simplify it.
Discover if Equinor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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:EQNR
Equinor
An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally.