SFL (NYSE:SFL) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$188.6m (up 16% from 2Q 2023).
- Net income: US$20.6m (up 22% from 2Q 2023).
- Profit margin: 11% (in line with 2Q 2023).
- EPS: US$0.16 (up from US$0.13 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SFL Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with SFL, and understanding these should be part of your investment process.
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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.
About NYSE:SFL
SFL
A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.
Undervalued with solid track record.
