MODEC, Inc.

Equities

6269

JP3888250002

Oil Related Services and Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
3,085 ^JPY	+2.83%		-1.91%	+33.09%

Apr. 02	Shell Selects Modec to Deliver FPSO System Offshore Brazil	MT
Apr. 01	MODEC, Inc. Secures FEED for Shell's Gato Do Mato FPSO Project in Brazil	CI

MODEC, Inc. Revises Earnings Guidance for the Year Ending December 31, 2023

November 09, 2023 at 01:30 am EST

MODEC, Inc. revised earnings guidance for the year ending December 31, 2023. For year, the company expects Revenue of JPY 448,740 million compared to previous forecast of USD 398,130 million, Operating attributable to Owners of Parent of JPY 6,731 million compared to previous forecast of JPY 5,971 million and earnings per share of JPY 119.40 compared to previous forecast of JPY 105.94.

Latest news about MODEC, Inc.

Shell Selects Modec to Deliver FPSO System Offshore Brazil	Apr. 01	MT
MODEC, Inc. Secures FEED for Shell's Gato Do Mato FPSO Project in Brazil	Apr. 01	CI
Modec Intends to Rectify Non-Compliance and Stay Listed on Prime Market	Mar. 17	MT
MODEC, Inc. Announces Chief Executive Officer Changes, Effective March 27, 2024	Feb. 22	CI
MODEC, Inc. Announces CFO Changes, Effective March 27, 2024	Feb. 22	CI
Modec, Inc. Announces Executive Changes, Effective March 27, 2024	Feb. 22	CI
Modec, Inc. Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2024	Feb. 14	CI
Modec, Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2024	Feb. 14	CI
MODEC, Inc. Announces Dividend for the Year Ended December 31, 2023, Payable on March 28, 2024	Feb. 14	CI
Modec's Delivers Fit-for-Purpose FPSO to Woodside Energy for Sangomar Field Development in Senega	Dec. 27	MT
MODEC, Inc. Delivers FPSO Léopold Sédar Senghor to Woodside Energy	Dec. 27	CI
MODEC, Inc. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2023	Dec. 22	CI
Modec, Inc. and Terra Drone Corporation Announce the Completion of the Drone-Based Hull Length Measurement of A Crude Oil Storage Tank of Fpso	Dec. 19	CI
MODEC and Toray Jointly Develop FPSO and FSO Repair Technique Using CFRP Patch	Dec. 18	CI
Modec Unit Wins American Bureau of Shipping Nod for Electric Charging Buoy	Dec. 13	MT
Modec, Terra Drone Sign MoU to Develop Drones for Oil Production	Nov. 22	MT
Modec and Terra Drone Corp. Formalise MOU for Inspection Drones for FPSO Systems	Nov. 21	MT
Modec, Inc. and Terra Drone Sign MOU Regarding the Technical Development of Inspection Drones for Offshore Platforms	Nov. 21	CI
MODEC, Inc. Revises Earnings Guidance for the Year Ending December 31, 2023	Nov. 09	CI
Modec's FPSO Anita Garibaldi MV33 Vessel Commences First Oil Production	23-08-22	MT
MODEC, Inc.'s FPSO Anita Garibaldi MV33 Achieves First Oil and Starts 25-Year Time Charter	23-08-21	CI
MODEC, Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023	23-08-10	CI
Sector Update: Energy Stocks Declining Late Wednesday	23-07-05	MT
Sector Update: Energy Stocks Declining Wednesday Afternoon	23-07-05	MT
Sector Update: Energy	23-07-05	MT

Chart MODEC, Inc.

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Company Profile

MODEC, INC. is a Japan-based company engaged in design, construction, installation and sales of floating offshore oil and gas production facilities, including floating production, storage and offloading system (FPSO), floating storage and offloading system (FSO) and tension leg platform (TLP), to oil developers. It is also engaged in leasing of its products, provision of operation services, as well as provision of chartered leasing and operation services. It also provides after-sale services, encompassing provision of parts for the Company's facilities and engineering support services.

Sector

Oil Related Services and Equipment

Calendar

2024-05-13 - Q1 2024 Earnings Release

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Ratings for MODEC, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,085 JPY

Average target price

3,250 JPY

Spread / Average Target

+5.35%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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