Babcock & Wilcox Enterprises Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

[email protected] (Simply Wall St)
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Babcock & Wilcox Enterprises (NYSE:BW) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$233.6m (down 20% from 2Q 2023).

  • Net income: US$21.5m (up from US$3.20m loss in 2Q 2023).

  • Profit margin: 9.2% (up from net loss in 2Q 2023).

  • EPS: US$0.24 (up from US$0.036 loss in 2Q 2023).

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

All figures shown in the chart above are for the trailing 12 month (TTM) period

Babcock & Wilcox Enterprises EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Babcock & Wilcox Enterprises (1 is concerning!) that you need to take into consideration.

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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.

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