Stock Analysis
Norsk Hydro (OB:NHY) First Quarter 2024 Results
Key Financial Results
- Revenue: kr47.5b (down 2.0% from 1Q 2023).
- Net income: kr941.0m (down 26% from 1Q 2023).
- Profit margin: 2.0% (down from 2.6% in 1Q 2023).
- EPS: kr0.62 (down from kr0.62 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Norsk Hydro Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 56%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Europe.
Performance of the market in Norway.
The company's shares are down 1.1% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Norsk Hydro that you should be aware of before investing here.
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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:NHY
Norsk Hydro
Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide.
Excellent balance sheet with moderate growth potential.