Yahoo Finance Horizon Oil First Half 2024 Earnings: EPS: US$0.011 (vs US$0.012 in 1H 2023)
Horizon Oil (ASX:HZN) First Half 2024 Results
Key Financial Results
Revenue: US$66.1m (down 13% from 1H 2023).
Net income: US$18.3m (down 3.7% from 1H 2023).
Profit margin: 28% (up from 25% in 1H 2023). The increase in margin was driven by lower expenses.
EPS: US$0.011 (down from US$0.012 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Horizon Oil Earnings Insights
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Australia.
Performance of the Australian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Horizon Oil is showing 1 warning sign in our investment analysis that you should know about...
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