MPC Container Ships Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

MPC Container Ships (OB:MPCC) Full Year 2024 Results

Key Financial Results

• Revenue: US$540.9m (down 24% from FY 2023).
• Net income: US$266.7m (down 18% from FY 2023).
• Profit margin: 49% (up from 46% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.60 (down from US$0.73 in FY 2023).

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

MPC Container Ships Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to decline by 18% 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 down 3.8% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for MPC Container Ships (2 are concerning!) that you should be aware of before investing here.

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