MMA Offshore First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag
MMA Offshore (ASX:MRM) First Half 2024 Results
Key Financial Results
Revenue: AU$204.3m (up 28% from 1H 2023).
Net income: AU$62.5m (down 23% from 1H 2023).
Profit margin: 31% (down from 51% in 1H 2023).
EPS: AU$0.17 (down from AU$0.22 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MMA Offshore EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 119%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Global Energy Services industry.
Performance of the market in Australia.
The company's shares are up 1.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with MMA Offshore (at least 1 which can't be ignored), 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.
