Vår Energi Third Quarter 2024 Earnings: EPS Misses Expectations

Vår Energi (OB:VAR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.87b (up 16% from 3Q 2023).
• Net income: US$180.3m (down 4.3% from 3Q 2023).
• Profit margin: 9.6% (down from 12% in 3Q 2023).
• EPS: US$0.07 (down from US$0.08 in 3Q 2023).

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

Vår Energi EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Vår Energi has 4 warning signs we think 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.