BQE Water Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

BQE Water (CVE:BQE) Full Year 2023 Results

Key Financial Results

• Revenue: CA$18.1m (up 49% from FY 2022).
• Net income: CA$2.65m (up 128% from FY 2022).
• Profit margin: 15% (up from 9.6% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CA$2.12 (up from CA$0.93 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BQE Water Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are up 21% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with BQE Water (at least 1 which doesn't sit too well with us), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.