MPC Energy Solutions First Quarter 2024 Earnings: EPS: US$0.02 (vs US$0.048 loss in 1Q 2023)

MPC Energy Solutions (OB:MPCES) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.53m (up 51% from 1Q 2023).
• Net income: US$439.0k (up from US$1.07m loss in 1Q 2023).
• Profit margin: 17% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.02 (up from US$0.048 loss in 1Q 2023).

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

MPC Energy Solutions Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Renewable Energy industry in Norway.

Performance of the Norwegian Renewable Energy industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for MPC Energy Solutions that you need to take into consideration.

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