Murphy USA (NYSE:MUSA) First Quarter 2024 Results
Key Financial Results
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Revenue: US$4.28b (down 5.5% from 1Q 2023).
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Net income: US$66.0m (down 38% from 1Q 2023).
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Profit margin: 1.5% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue.
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EPS: US$3.17 (down from US$4.89 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Murphy USA Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company’s shares are up 8.2% from a week ago.
Valuation
Our analysis of these results suggests Murphy USA may be overvalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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