ACT Energy Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

ACT Energy Technologies (TSE:ACX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$148.4m (up 2.0% from 3Q 2023).
• Net income: CA$26.2m (up 363% from 3Q 2023).
• Profit margin: 18% (up from 3.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CA$0.75 (up from CA$0.16 in 3Q 2023).

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

ACT Energy Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for ACT Energy Technologies that you should be aware of before investing here.

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