Höegh Autoliners First Quarter 2024 Earnings: EPS Misses Expectations

Höegh Autoliners (OB:HAUTO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$328.2m (down 7.2% from 1Q 2023).
• Net income: US$115.1m (down 1.8% from 1Q 2023).
• Profit margin: 35% (up from 33% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.60 (down from US$0.61 in 1Q 2023).

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

Höegh Autoliners EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%.

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Höegh Autoliners (2 are a bit unpleasant!) that we have uncovered.

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