Reach Subsea Past Earnings Performance
Past criteria checks 5/6
Reach Subsea has been growing earnings at an average annual rate of 58.7%, while the Energy Services industry saw earnings growing at 31.9% annually. Revenues have been growing at an average rate of 31% per year. Reach Subsea's return on equity is 24.1%, and it has net margins of 9.8%.
Key information
58.7%
Earnings growth rate
50.4%
EPS growth rate
Energy Services Industry Growth | 25.6% |
Revenue growth rate | 31.0% |
Return on equity | 24.1% |
Net Margin | 9.8% |
Next Earnings Update | 27 Aug 2024 |
Recent past performance updates
Recent updates
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today
Aug 06Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%
Jun 26Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?
Jun 22Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year
May 30We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise
May 24Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36
Apr 25Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest
Feb 22Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36
Feb 17Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast
Nov 13News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts
Aug 27Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?
Aug 25With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting
Feb 08The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested
Jul 20Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise
Jun 04We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet
May 19Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality
Apr 01Is Reach Subsea (OB:REACH) A Risky Investment?
Feb 24Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?
Jan 27What We Learned About Reach Subsea's (OB:REACH) CEO Pay
Dec 23Revenue & Expenses Breakdown
How Reach Subsea makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Mar 24 | 2,307 | 226 | 463 | 0 |
31 Dec 23 | 1,966 | 226 | 424 | 0 |
30 Sep 23 | 1,849 | 181 | 347 | 0 |
30 Jun 23 | 1,563 | 155 | 321 | 0 |
31 Mar 23 | 1,268 | 112 | 306 | 0 |
31 Dec 22 | 1,163 | 72 | 281 | 0 |
30 Sep 22 | 1,013 | 83 | 219 | 0 |
30 Jun 22 | 872 | 75 | 174 | 0 |
31 Mar 22 | 701 | 47 | 143 | 0 |
31 Dec 21 | 673 | 94 | 129 | 0 |
30 Sep 21 | 626 | 85 | 119 | 0 |
30 Jun 21 | 601 | 75 | 117 | 0 |
31 Mar 21 | 642 | 86 | 121 | 0 |
31 Dec 20 | 619 | 43 | 118 | 0 |
30 Sep 20 | 596 | 4 | 95 | 0 |
30 Jun 20 | 550 | -25 | 90 | 0 |
31 Mar 20 | 520 | -50 | 85 | 0 |
31 Dec 19 | 509 | -36 | 81 | 0 |
30 Sep 19 | 592 | -15 | 81 | 0 |
30 Jun 19 | 618 | -11 | 81 | 0 |
31 Mar 19 | 628 | -9 | 82 | 0 |
31 Dec 18 | 675 | -10 | 89 | 0 |
30 Sep 18 | 596 | -16 | 86 | 0 |
30 Jun 18 | 548 | -21 | 86 | 0 |
31 Mar 18 | 436 | -37 | 80 | 0 |
31 Dec 17 | 360 | -31 | 74 | 0 |
30 Sep 17 | 314 | -26 | 125 | 0 |
30 Jun 17 | 269 | -35 | 100 | 0 |
31 Mar 17 | 280 | -21 | 80 | 0 |
31 Dec 16 | 327 | -23 | 63 | 0 |
30 Sep 16 | 397 | -17 | 510 | 0 |
30 Jun 16 | 504 | -8 | 510 | 0 |
31 Mar 16 | 634 | -4 | 510 | 0 |
31 Dec 15 | 634 | 1 | 510 | 0 |
30 Sep 15 | 583 | 7 | 205 | 0 |
30 Jun 15 | 492 | 12 | 205 | 0 |
31 Mar 15 | 350 | 12 | 205 | 0 |
31 Dec 14 | 311 | 25 | 205 | 0 |
30 Sep 14 | 251 | 7 | 58 | 0 |
30 Jun 14 | 184 | 3 | 58 | 0 |
31 Mar 14 | 109 | -9 | 58 | 0 |
31 Dec 13 | 62 | -16 | 58 | 0 |
30 Sep 13 | 39 | -9 | 5 | 0 |
Quality Earnings: REACH has high quality earnings.
Growing Profit Margin: REACH's current net profit margins (9.8%) are higher than last year (8.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: REACH has become profitable over the past 5 years, growing earnings by 58.7% per year.
Accelerating Growth: REACH's earnings growth over the past year (102.7%) exceeds its 5-year average (58.7% per year).
Earnings vs Industry: REACH earnings growth over the past year (102.7%) did not outperform the Energy Services industry 110.5%.
Return on Equity
High ROE: REACH's Return on Equity (24.1%) is considered high.