Maersk’s stock recorded a decline on Thursday, November 6th, in the wake of estimates for lower-than-expected profits for the Danish giant.
Maersk’s earnings before interest, taxes, depreciation, and amortization for the July-September period came in at $2.68 billion, while, according to estimates, they will fluctuate between $9 and 9.5 billion in 2025, compared to previous forecasts, which set the lower limit at $8 billion. Analysts on average estimated profits at $9.11 billion. Quarterly earnings recorded a sharp drop of 44%, from $4.8 billion in the same period of 2024.
In the context of the above, the stock initially retreated by 7.5%, the highest loss since April, before the decline finally closed at 5%.
“The third quarter is a bit of a bubble. Yes, the results are good, but everything indicates that the conditions for profits will be very difficult in the future,” Mikkel Emil Jensen, a senior analyst at Sydbank A/S, told Bloomberg. “Investors cannot feel truly comfortable with the strong quarterly results when the future looks so bleak.”
The US-China trade war, the oversupply of capacity, and the return to normality for travel in the Red Sea are not favorable for the freight market.
