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SEACOR Marine Holdings First Quarter 2024 Earnings: EPS Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

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).

earnings-and-revenue-growth
earnings-and-revenue-growth

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.

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Performance of the American Energy Services 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 1 warning sign with SEACOR Marine Holdings, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.