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Magseis Fairfield Past Earnings Performance

Past criteria checks 0/6

Key information

-18.7%

Earnings growth rate

-18.7%

EPS growth rate

Energy Services Industry Growth	25.6%
Revenue growth rate	17.5%
Return on equity	-29.2%
Net Margin	-11.5%
Next Earnings Update	09 Feb 2023

Recent past performance updates

Recent updates

Magseis Fairfield (OB:MSEIS) Is Making Moderate Use Of Debt

Mar 07

Revenue & Expenses Breakdown

How Magseis Fairfield makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:MSEIS Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 22	350	-40	31	0
30 Jun 22	335	-31	27	0
31 Mar 22	291	-29	21	0
31 Dec 21	258	-32	23	0
30 Sep 21	234	-25	23	0
30 Jun 21	197	-23	20	0
31 Mar 21	183	-24	26	0
31 Dec 20	193	-20	25	0
30 Sep 20	219	-58	21	0
30 Jun 20	307	-165	33	0
31 Mar 20	393	-152	39	0
31 Dec 19	460	-152	45	0
30 Sep 19	461	-108	51	2
30 Jun 19	343	-9	37	3
31 Mar 19	231	-20	26	3
31 Dec 18	136	-3	17	4
30 Sep 18	65	-11	15	2
30 Jun 18	78	5	13	2
31 Mar 18	77	9	11	2
31 Dec 17	74	7	9	2
30 Sep 17	89	17	8	2
30 Jun 17	74	-2	7	2
31 Mar 17	62	-9	8	2
31 Dec 16	59	-17	7	2
30 Sep 16	44	-28	8	2
30 Jun 16	44	-19	8	2
31 Mar 16	53	-14	7	2

Quality Earnings: MSEIS is currently unprofitable.

Growing Profit Margin: MSEIS is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MSEIS is unprofitable, and losses have increased over the past 5 years at a rate of 18.7% per year.

Accelerating Growth: Unable to compare MSEIS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MSEIS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-31.2%).

Return on Equity

High ROE: MSEIS has a negative Return on Equity (-29.18%), as it is currently unprofitable.

This company listing is no longer active

Magseis Fairfield Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Magseis Fairfield ASA to Report Q4, 2022 Results on Feb 09, 2023

Magseis Fairfield ASA to Report First Half, 2023 Results on Jul 20, 2023

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Recent updates

Oslo Børs Decides to Delist the Shares in Magseis Fairfield Asa

TGS ASA (OB:TGS) completed the acquisition of 21.97% stake in Magseis Fairfield ASA (OB:MSEIS) for NOK8.08 per share.

Magseis Fairfield ASA to Report Q4, 2022 Results on Feb 09, 2023

Magseis Fairfield ASA to Report First Half, 2023 Results on Jul 20, 2023

No independent directors

Magseis Fairfield ASA Announces Management Changes

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TGS ASA (OB:TGS) completed the acquisition of Magseis Fairfield ASA (OB : MSEIS) from Fairfield Ms LLC, members of the Magseis Board and management and others.

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TGS ASA (OB:TGS) made a voluntary exchange offer to acquire Magseis Fairfield ASA (OB : MSEIS) from Fairfield MS, LLC, members of the Magseis Board and management and others for NOK 2.3 billion.

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Forecast breakeven date moved forward to 2022

Less than half of directors are independent

Less than half of directors are independent

Magseis Fairfield (OB:MSEIS) Is Making Moderate Use Of Debt

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Chief Financial Officer recently sold kr76k worth of stock

Third quarter 2021 earnings released: EPS US$0.001 (vs US$0.013 in 3Q 2020)

Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.012 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.06 loss per share (vs US$0.06 loss in 1Q 2020)

Co-Founder & Executive Director Jan Gateman has left the company

Independent Chairman of the Board recently bought kr1.0m worth of stock

Full year 2020 earnings released: US$0.078 loss per share (vs US$0.82 loss in FY 2019)

Full year 2020 earnings released: US$0.08 loss per share (vs US$0.82 loss in FY 2019)

Revenue and earnings miss expectations

Magseis Fairfield ASA Wins Obn Deep-Water Survey in Angola

New 90-day high: kr4.20

New 90-day high: kr3.90

Magseis Fairfield Receives Multiyear Ocean Bottom Nodes Services and Seismic Shooting Services on the Norwegian Continental Shelf

Magseis Fairfield Wins Deepwater OBN Monitor Survey in US Gulf of Mexico from First Quarter of 2021

New 90-day high: kr3.05

New 90-day high: kr2.03

Third quarter 2020 earnings released: EPS US$0.01

Revenue and earnings beat expectations

New 90-day high: kr1.86

Magseis Fairfield Announces Executive Changes

New 90-day low - kr1.42

Earnings released

Magseis Fairfield ASA has completed a Follow-on Equity Offering in the amount of NOK 277.44 million.

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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