Odfjell Drilling Third Quarter 2024 Earnings: Beats Expectations

Odfjell Drilling (OB:ODL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$186.3m (flat on 3Q 2023).
• Net income: US$19.1m (down 90% from 3Q 2023).
• Profit margin: 10% (down from 99% in 3Q 2023).
• EPS: US$0.08 (down from US$0.78 in 3Q 2023).

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

Odfjell Drilling Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Odfjell Drilling you should know about.

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