TGS (OB:TGS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$451.1m (up 100% from 3Q 2023).
- Net income: US$37.5m (up 124% from 3Q 2023).
- Profit margin: 8.3% (up from 7.4% in 3Q 2023).
- EPS: US$0.19 (up from US$0.13 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TGS Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Energy Services industry in Norway.
Performance of the Norwegian Energy Services industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for TGS that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if TGS might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About OB:TGS
TGS
Provides geoscience data services to the oil and gas industry worldwide.
Reasonable growth potential slight.
