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Neste Corporation Unsponsored ADR (NTOIY)
:NTOIY
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.36Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -20.58%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
Neste's earnings call highlighted some operational improvements and cost savings amidst significant profitability challenges. The company faces a downturn in margins across its segments and has had to make strategic decisions such as withdrawing from the Porvoo hydrogen project. However, increased sales volumes and improved greenhouse gas reduction show resilience. The outlook remains cautious, with a focus on optimizing existing investments and navigating market uncertainties.Company Guidance
During Neste's Q3 2024 earnings call, the company provided several key metrics and guidance for the future. The third quarter comparable EBITDA was reported at EUR 293 million, reflecting a significant 72% decline year-on-year. In the Renewable Products segment, the comparable sales margin dropped to USD 341 per ton, a 62% decrease from the previous year. Additionally, the Oil Products total refining margin was USD 10.6 per barrel, down 60% from the prior year. Looking ahead, Neste anticipates its full-year 2024 renewable products sales volume to reach approximately 3.9 million tons, with sustainable aviation fuel (SAF) volumes expected between 0.35 million and 0.55 million tons. The company also plans a full potential analysis to enhance focus on revenue generation, cost competitiveness, and capital expenditure.Sales Volume Increase
Sales volumes increased quarter-on-quarter in renewable products, including a new quarterly high for SAF sales at 112 kilotons, up from 36 kilotons a year earlier.
Fixed Cost Savings
The company's fixed costs were markedly below last year, with employee benefit costs reduced by EUR 36 million compared to the previous year.
Greenhouse Gas Reduction
Neste achieved a greenhouse gas reduction of 3.6 million tons in the quarter, a clear improvement over the 2.5 million tons from last year.
Net Working Capital Improvement
The net working capital change was EUR 143 million positive, a clear improvement over the EUR 268 million negative last year.
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NTOIY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTOIY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $8.21 | $7.77 | -5.36% |
| Jul 25, 2024 | $9.27 | $9.70 | +4.64% |
| Apr 25, 2024 | $13.64 | $11.89 | -12.83% |
| Feb 08, 2024 | $16.55 | $14.58 | -11.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Neste Corporation Unsponsored ADR (NTOIY) report earnings?
Neste Corporation Unsponsored ADR (NTOIY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Neste Corporation Unsponsored ADR (NTOIY) earnings time?
Neste Corporation Unsponsored ADR (NTOIY) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTOIY EPS forecast?
NTOIY EPS forecast for the fiscal quarter 2024 (Q4) is 0.05.
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