Odfjell Technology (OB:OTL) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr1.36b (up 7.9% from 2Q 2023).
- Net income: kr88.4m (up 11% from 2Q 2023).
- Profit margin: 6.5% (up from 6.3% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr2.24 (up from kr2.01 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Odfjell Technology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 4.7% 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 shares are down 3.3% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Odfjell Technology.
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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:OTL
Odfjell Technology
A technology and engineering company, provides well, drilling operations, and engineering services in Norway, the United Kingdom, Malaysia, Europe, Asia, and internationally.
Very undervalued with reasonable growth potential and pays a dividend.
