Austevoll Seafood Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Austevoll Seafood (OB:AUSS) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr9.88b (up 17% from 2Q 2023).
- Net income: kr1.11b (up 83% from 2Q 2023).
- Profit margin: 11% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr5.50 (up from kr3.00 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Austevoll Seafood EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 125%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Food industry in Norway.
Performance of the Norwegian Food industry.
The company's shares are up 2.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Austevoll Seafood, and understanding them should be part of your investment process.
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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:AUSS
Austevoll Seafood
A seafood company, engages in the production of salmon and trout, white fish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.
Undervalued with solid track record and pays a dividend.