Advantage Energy Second Quarter 2024 Earnings: EPS Misses Expectations

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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