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- OB:MPCES
MPC Energy Solutions Second Quarter 2024 Earnings: Misses Expectations
MPC Energy Solutions (OB:MPCES) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$3.01m (up 27% from 2Q 2023).
- Net loss: US$5.08m (loss widened by 241% from 2Q 2023).
- US$0.23 loss per share (further deteriorated from US$0.067 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MPC Energy Solutions Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in Norway.
Performance of the Norwegian Renewable Energy industry.
The company's shares are up 7.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - MPC Energy Solutions has 1 warning sign we think 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About OB:MPCES
MPC Energy Solutions
An independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean.
Low and slightly overvalued.
