Forza Petroleum Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Forza Petroleum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Oil and Gas earnings growth	4.6%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

No updates

Recent updates

Forza Petroleum (TSE:FORZ) Might Have The Makings Of A Multi-Bagger

Oct 01

We Like Forza Petroleum's (TSE:FORZ) Returns And Here's How They're Trending

Jul 03

Forza Petroleum Limited's (TSE:FORZ) Shares Bounce 35% But Its Business Still Trails The Market

Mar 08

Forza Petroleum (TSE:FORZ) Is Looking To Continue Growing Its Returns On Capital

Jan 16

Forza Petroleum (TSE:FORZ) Is Experiencing Growth In Returns On Capital

Sep 28

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Forza Petroleum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

TSX:FORZ - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2023	72	-350	15	42	N/A
6/30/2023	113	-325	28	67	N/A
3/31/2023	171	-162	63	118	N/A
12/31/2022	191	-138	46	112	N/A
9/30/2022	191	55	34	105	N/A
6/30/2022	170	39	30	93	N/A
3/31/2022	138	11	11	60	N/A
12/31/2021	111	10	17	51	N/A
9/30/2021	91	148	14	38	N/A
6/30/2021	75	170	8	28	N/A
3/31/2021	51	162	2	20	N/A
12/31/2020	47	-109	3	22	N/A
9/30/2020	56	-305	-10	12	N/A
6/30/2020	63	-316	-16	18	N/A
3/31/2020	83	-310	-16	26	N/A
12/31/2019	84	-59	-7	28	N/A
9/30/2019	82	79	3	37	N/A
6/30/2019	78	55	7	32	N/A
3/31/2019	66	50	-6	19	N/A
12/31/2018	55	44	-26	8	N/A
9/30/2018	41	-41	-36	-5	N/A
6/30/2018	30	-42	-43	-15	N/A
3/31/2018	24	-47	-37	-15	N/A
12/31/2017	21	-39	-31	-10	N/A
9/30/2017	18	-37	-32	-4	N/A
6/30/2017	17	-40	N/A	-2	N/A
3/31/2017	17	-42	N/A	-1	N/A
12/31/2016	13	-66	N/A	-11	N/A
9/30/2016	9	-131	N/A	-18	N/A
6/30/2016	8	-432	N/A	-18	N/A
3/31/2016	10	-426	N/A	-22	N/A
12/31/2015	12	-415	N/A	-22	N/A
9/30/2015	16	-325	N/A	-33	N/A
6/30/2015	19	-17	N/A	-20	N/A
3/31/2015	15	-20	N/A	-17	N/A
12/31/2014	12	-18	N/A	-29	N/A
9/30/2014	7	-52	N/A	-12	N/A
6/30/2014	1	-116	N/A	-20	N/A
3/31/2014	N/A	-146	N/A	-22	N/A
12/31/2013	N/A	-186	N/A	-9	N/A
9/30/2013	N/A	-163	N/A	-20	N/A
6/30/2013	N/A	-105	N/A	-28	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FORZ's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if FORZ's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if FORZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if FORZ's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if FORZ's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FORZ's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/24 06:25
End of Day Share Price	2024/02/23 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forza Petroleum Limited is covered by 12 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alessandro Pozzi	Barclays
Jared Dziuba	BMO Capital Markets Equity Research
Rafal Gutaj	BofA Global Research

Forza Petroleum Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

Zeg Oil and Gas Ltd completed the acquisition of remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ).

Zeg Oil and Gas Ltd entered into an arrangement agreement to acquire remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ) for CAD 18.4 million.

Now 24% undervalued after recent price drop

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.04 profit in 3Q 2022)

Forza Petroleum (TSE:FORZ) Might Have The Makings Of A Multi-Bagger

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.054 profit in 2Q 2022)

We Like Forza Petroleum's (TSE:FORZ) Returns And Here's How They're Trending

First quarter 2023 earnings released

Forza Petroleum Limited, Annual General Meeting, Jun 27, 2023

Full year 2022 earnings released: US$0.23 loss per share (vs US$0.018 profit in FY 2021)

Forza Petroleum Limited's (TSE:FORZ) Shares Bounce 35% But Its Business Still Trails The Market

High number of new directors

Forza Petroleum (TSE:FORZ) Is Looking To Continue Growing Its Returns On Capital

Forza Petroleum Limited Announces CEO Changes

Forza Petroleum (TSE:FORZ) Is Experiencing Growth In Returns On Capital

Second quarter 2022 earnings released: EPS: US$0.054 (vs US$0.008 in 2Q 2021)

First quarter 2022 earnings released: EPS: US$0.04 (vs US$0.037 in 1Q 2021)

Forza Petroleum Limited, Annual General Meeting, Jun 28, 2022

Full year 2021 earnings: Revenues in line with analyst expectations

Third quarter 2021 earnings released: EPS US$0.01 (vs US$0.053 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.008 (vs US$0.007 loss in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.04 (vs US$0.45 loss in 1Q 2020)

Full year 2020 earnings released: US$0.19 loss per share (vs US$0.11 loss in FY 2019)

Third quarter 2020 earnings released: EPS US$0.05

First half earnings released

Zeg Oil and Gas Ltd completed the acquisition of 67% stake in Oryx Petroleum Corporation Limited (TSX:OXC) from AOG Upstream BV and certain of its affiliates.