Stock Analysis
SM Energy (NYSE:SM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$643.6m (up 4.9% from 3Q 2023).
- Net income: US$240.5m (up 8.2% from 3Q 2023).
- Profit margin: 37% (up from 36% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$2.10 (up from US$1.89 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SM Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for SM Energy that we have uncovered.
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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:SM
SM Energy
An independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas.
