- Subsea 7’s third-quarter Adjusted EBITDA is $321 million, surpassing the estimate of $293.2 million.
- The Adjusted EBITDA margin is 18%, higher than the estimated 16.5%.
- The company reports revenue of $1.83 billion, which beats the expected $1.77 billion.
- Earnings per Share (EPS) stand at 31 cents.
- Subsea 7’s order book is valued at $11.30 billion, slightly below the $11.8 billion estimate.
- For the full year 2024, the company projects Adjusted EBITDA between $1,025 and $1,075 million, marking a significant growth of over 40% year-on-year.
- The high-quality backlog of $11.3 billion provides around 75% visibility on 2025 revenue guidance.
- Adjusted EBITDA margin is anticipated to expand to 18-20%.
- Revenue for 2024 is expected to be towards the upper end of the projected range of $6.5 to $6.8 billion.
- In the first nine months of 2024, the Group has achieved Adjusted EBITDA of $775 million, surpassing the prior full year period.
- The firm is on track to achieve its profitability goals for 2024.
- Market sentiment is positive, with 18 analysts rating the stock as a buy, 4 as hold, and none as sell.
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A look at Subsea 7 SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Subsea 7 SA, a company that provides oilfield services, is looking at a promising long-term outlook based on the Smartkarma Smart Scores. With solid scores in Growth, Resilience, and Momentum, the company seems well-positioned for future success. The Growth score of 4 suggests that Subsea 7 has strong potential for expansion and development in the offshore oil industry. In addition, a Resilience score of 3 indicates the company’s ability to withstand challenges and maintain stability. With a Momentum score of 3, Subsea 7 is showing positive upward movement. While the Value and Dividend scores are also at 3, the overall outlook for Subsea 7 SA appears positive as it continues to operate in key regions like the Gulf of Mexico, Asia Pacific, North Sea, and others.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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