- Norway
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- Energy Services
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- OB:SHLF
Shelf Drilling Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Shelf Drilling (OB:SHLF) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$234.0m (up 19% from 2Q 2023).
- Net loss: US$14.6m (down from US$1.70m profit in 2Q 2023).
- US$0.068 loss per share (down from US$0.009 profit in 2Q 2023).
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 11%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 3.6% 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 share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Shelf Drilling (1 makes us a bit uncomfortable) you should be aware of.
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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:SHLF
Shelf Drilling
Operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea.
Reasonable growth potential and fair value.