Belships (OB:BELCO) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$68.7m (down 24% from 3Q 2023).
- Net income: US$18.8m (up 25% from 3Q 2023).
- Profit margin: 27% (up from 17% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.08 (up from US$0.06 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Belships Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in Norway are expected to remain flat.
Performance of the Norwegian Shipping industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Belships (1 is significant!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Belships 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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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:BELCO
Undervalued established dividend payer.
