NasdaqGS:NFE Earnings and Revenue Growth November 16th 2024
All figures shown in the chart above are for the trailing 12 month (TTM) period
New Fortress Energy Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company’s shares are down 5.3% from a week ago.
Risk Analysis
We should say that we’ve discovered 6 warning signs for New Fortress Energy (2 can’t be ignored!) that you should be aware of before investing here.
Discover if New Fortress Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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.