Okeanis Eco Tankers Full Year 2024 Earnings: EPS Misses Expectations

Okeanis Eco Tankers (OB:OET) Full Year 2024 Results

Key Financial Results

• Revenue: US$393.2m (down 4.8% from FY 2023).
• Net income: US$108.9m (down 25% from FY 2023).
• Profit margin: 28% (down from 35% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$3.38 (down from US$4.51 in FY 2023).

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

Okeanis Eco Tankers EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is expected to fall by 26% p.a. on average during the next 2 years compared to a 3.2% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Okeanis Eco Tankers (of which 1 doesn't sit too well with us!) you should know about.

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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.