Shelf Drilling Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Shelf Drilling (OB:SHLF) Full Year 2023 Results

Key Financial Results

• Revenue: US$908.0m (up 31% from FY 2022).
• Net loss: US$7.60m (loss narrowed by 74% from FY 2022).
• US$0.038 loss per share (improved from US$0.18 loss in FY 2022).

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

Shelf Drilling Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Be aware that Shelf Drilling is showing 1 warning sign in our investment analysis that you should know about...

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