Energy Fuels Third Quarter 2024 Earnings: Misses Expectations

Energy Fuels (TSE:EFR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.05m (down 63% from 3Q 2023).
• Net loss: US$12.1m (down by 214% from US$10.6m profit in 3Q 2023).
• US$0.074 loss per share (down from US$0.067 profit in 3Q 2023).

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

Energy Fuels Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 9.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Energy Fuels that you should be aware of.

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