Odfjell Full Year 2024 Earnings: EPS Misses Expectations

Odfjell (OB:ODF) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.25b (up 4.6% from FY 2023).
• Net income: US$277.8m (up 37% from FY 2023).
• Profit margin: 22% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$3.51 (up from US$2.57 in FY 2023).

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

Odfjell EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to decline by 1.0% p.a. on average during the next 2 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

We don't want to rain on the parade too much, but we did also find 3 warning signs for Odfjell (1 is potentially serious!) that you need to be mindful 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.