Stock Analysis

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

OB:MPCC
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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).
earnings-and-revenue-growth
OB:MPCC Earnings and Revenue Growth August 30th 2024

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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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.