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AP Moller - Maersk A/S (AMKBY)
OTHER OTC:AMKBY
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Earnings Data
Report Date
Feb 06, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.45Last Year’s EPS
-$0.13Same Quarter Last Year
Strong Sell
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 15.14%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance for Maersk in Q3 2024, with significant achievements in profitability across key segments. Logistics & Services and the Ocean segment showed notable recoveries and growth. However, challenges remain in warehousing and the impact of the Red Sea disruption. The company has upgraded its full-year guidance, indicating optimism for the future despite operational and market uncertainties.Company Guidance
During the Q3 2024 earnings call for A.P. Moller - Maersk, CEO Vincent Clerc and CFO Patrick Jany provided optimistic guidance amidst robust performance metrics. They announced an upgrade in the full-year guidance, projecting an underlying EBIT between $5.2 billion and $5.7 billion, with a free cash flow of at least $3 billion. This comes on the back of a strong quarter with an EBITDA of $4.8 billion and an EBIT of $3.3 billion, resulting in a net result of $3.1 billion. The Logistics & Services segment showed a promising recovery with an EBIT margin of 5.1%, aiming to surpass the 6% target, and reported 11% organic growth. The Ocean segment delivered a substantial EBIT of $2.8 billion due to high freight rates and strong volumes, while Terminal operations exhibited resilience with an EBIT of $338 million, achieving a return on invested capital (ROIC) of 13%. Maersk anticipates continued strong demand into Q4 with container market volume growth expected around 6%, and is preparing for the launch of the Gemini network in early 2025, which is set to enhance operational efficiency and reliability. The company maintains a strong cash position with $22.3 billion in total cash and deposits, and a net cash position of $5.6 billion, setting a promising stage as they look forward to the next phases of their strategic transformation.Strong Financial Performance in Q3 2024
Achieved EBITDA of $4.8 billion and EBIT of $3.3 billion, with margins increasing to 30% and 21% respectively. Net result for the quarter was $3.1 billion.
Logistics & Services Recovery
EBIT margin improved to 5.1% with organic growth above market at 11%. Progress made on addressing operational challenges in Ground Freight and Warehousing.
Ocean Segment Profit Surge
Ocean segment delivered an EBIT of $2.8 billion, driven by higher freight rates and strong demand. Freight rates surged 54% to $3,236 per FFE.
Terminal Business Resilience
Terminals delivered record revenue of $1.2 billion, an 18% increase year-on-year, with an EBIT margin of 28.6% and ROIC of 13%.
Upgraded Full Year Guidance
Full year EBIT now expected between $5.2 billion and $5.7 billion, with free cash flow of at least $3 billion. Container market volume growth revised to 6%.
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AMKBY 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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AMKBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $7.40 | $7.82 | +5.68% |
| Aug 07, 2024 | $7.71 | $7.45 | -3.37% |
| May 02, 2024 | $7.01 | $7.01 | 0.00% |
| Feb 08, 2024 | $8.67 | $7.40 | -14.65% |
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 AP Moller - Maersk A/S (AMKBY) report earnings?
AP Moller - Maersk A/S (AMKBY) is schdueled to report earning on Feb 06, 2025, Before Open Not Confirmed.
What is AP Moller - Maersk A/S (AMKBY) earnings time?
AP Moller - Maersk A/S (AMKBY) earnings time is at Feb 06, 2025, Before Open 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 AMKBY EPS forecast?
AMKBY EPS forecast for the fiscal quarter 2024 (Q4) is $0.45.
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