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- TSX:EFX
Enerflex Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Enerflex (TSE:EFX) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$614.0m (up 6.0% from 2Q 2023).
- Net income: US$5.00m (up from US$2.00m loss in 2Q 2023).
- Profit margin: 0.8% (up from net loss in 2Q 2023).
- EPS: US$0.04 (up from US$0.016 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enerflex Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 52%.
Looking ahead, revenue is expected to fall by 1.4% p.a. on average during the next 3 years compared to a 5.6% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Enerflex that you should be aware of.
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About TSX:EFX
Enerflex
Offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere.
Very undervalued with moderate growth potential.