Advantage Energy (TSE:AAV) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$99.0m (down 5.8% from 2Q 2023).
- Net loss: CA$12.1m (down from CA$2.54m profit in 2Q 2023).
- CA$0.075 loss per share (down from CA$0.015 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Advantage Energy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 180%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 8.0% from a week ago.
Risk Analysis
Be aware that Advantage Energy is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...
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About TSX:AAV
Advantage Energy
Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.
High growth potential low.