In This Article:
Golden Ocean Group (NASDAQ:GOGL) Full Year 2024 Results
Key Financial Results
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Revenue: US$968.4m (up 9.3% from FY 2023).
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Net income: US$223.2m (up 99% from FY 2023).
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Profit margin: 23% (up from 13% in FY 2023). The increase in margin was primarily driven by higher revenue.
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EPS: US$1.12 (up from US$0.56 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Golden Ocean Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%.
Looking ahead, revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 2.6% decline forecast for the Shipping industry in the US.
Performance of the American Shipping industry.
The company's shares are up 4.4% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Golden Ocean Group that you should be aware of.
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