SEACOR Marine Holdings First Quarter 2024 Earnings: EPS Misses Expectations

SEACOR Marine Holdings (NYSE:SMHI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$62.8m (up 4.7% from 1Q 2023).
• Net loss: US$23.1m (loss widened by 141% from 1Q 2023).
• US$0.84 loss per share (further deteriorated from US$0.36 loss in 1Q 2023).

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

SEACOR Marine Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 95%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for SEACOR Marine Holdings that you need to take into consideration.

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