MPC Container Ships Second Quarter 2024 Earnings: EPS: US$0.15 (vs US$0.23 in 2Q 2023)

MPC Container Ships (OB:MPCC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$130.9m (down 33% from 2Q 2023).
• Net income: US$64.8m (down 36% from 2Q 2023).
• Profit margin: 50% (down from 52% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.15 (down from US$0.23 in 2Q 2023).

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

MPC Container Ships Earnings Insights

Looking ahead, revenue is forecast to decline by 23% 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 1.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for MPC Container Ships (2 make us uncomfortable!) that you should be aware of.

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