Stock Analysis
Orlen (WSE:PKN) First Quarter 2024 Results
Key Financial Results
- Revenue: zł82.3b (down 25% from 1Q 2023).
- Net income: zł2.77b (down 69% from 1Q 2023).
- Profit margin: 3.4% (down from 8.1% in 1Q 2023).
- EPS: zł2.38 (down from zł7.73 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orlen Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is expected to fall by 5.6% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Europe.
Performance of the market in Poland.
The company's shares are down 3.7% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Orlen (including 1 which is significant).
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About WSE:PKN
Orlen
Operates in refining, petrochemical, energy, retail, gas, and upstream business.
