Babcock & Wilcox Enterprises (NYSE:BW) Third Quarter 2022 Results
Key Financial Results
Revenue: US$214.9m (up 34% from 3Q 2021).
Net loss: US$21.5m (down by 316% from US$9.96m profit in 3Q 2021).
US$0.24 loss per share (down from US$0.12 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Babcock & Wilcox Enterprises Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electrical industry in the US.
The company's shares are up 8.3% from a week ago.
Before you take the next step you should know about the 3 warning signs for Babcock & Wilcox Enterprises that we have uncovered.
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