MPC Container Ships Third Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.15 in 3Q 2023)

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

Key Financial Results

• Revenue: US$132.5m (down 28% from 3Q 2023).
• Net income: US$63.7m (down 6.6% from 3Q 2023).
• Profit margin: 48% (up from 37% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.14 (down from US$0.15 in 3Q 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 13% 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 18% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for MPC Container Ships (2 don't sit too well with us!) that we have uncovered.

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