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Gear Energy Future Growth

Future criteria checks 0/6

Gear Energy's revenue is forecast to decline at 4.4% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Oil and Gas earnings growth	7.6%
Revenue growth rate	-4.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	03 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSX:GXE - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	117	N/A	-33	28	1
12/31/2026	127	N/A	-19	39	1
12/31/2025	153	N/A	3	58	2
12/31/2024	150	N/A	16	61	2
9/30/2024	132	12	24	63	N/A
6/30/2024	135	13	21	63	N/A
3/31/2024	131	9	21	59	N/A
12/31/2023	130	9	15	64	N/A
9/30/2023	132	43	8	64	N/A
6/30/2023	134	53	14	73	N/A
3/31/2023	151	71	30	89	N/A
12/31/2022	162	75	39	90	N/A
9/30/2022	164	125	52	89	N/A
6/30/2022	157	114	40	72	N/A
3/31/2022	134	90	28	57	N/A
12/31/2021	115	80	23	52	N/A
9/30/2021	97	42	18	42	N/A
6/30/2021	85	34	27	42	N/A
3/31/2021	63	29	21	30	N/A
12/31/2020	58	-77	18	30	N/A
9/30/2020	68	-125	9	34	N/A
6/30/2020	77	-120	3	38	N/A
3/31/2020	105	-109	15	54	N/A
12/31/2019	117	-6	13	50	N/A
9/30/2019	106	13	6	40	N/A
6/30/2019	106	10	2	43	N/A
3/31/2019	104	3	-11	33	N/A
12/31/2018	96	5	-3	42	N/A
9/30/2018	109	1	3	50	N/A
6/30/2018	101	-2	N/A	43	N/A
3/31/2018	94	3	N/A	39	N/A
12/31/2017	92	10	N/A	37	N/A
9/30/2017	85	-9	N/A	34	N/A
6/30/2017	80	-9	N/A	34	N/A
3/31/2017	71	-19	N/A	34	N/A
12/31/2016	58	-24	N/A	25	N/A
9/30/2016	50	-38	N/A	22	N/A
6/30/2016	51	-99	N/A	22	N/A
3/31/2016	59	-94	N/A	32	N/A
12/31/2015	69	-97	N/A	41	N/A
9/30/2015	89	-100	N/A	50	N/A
6/30/2015	111	-28	N/A	62	N/A
3/31/2015	127	-19	N/A	68	N/A
12/31/2014	134	-13	N/A	66	N/A
9/30/2014	121	16	N/A	60	N/A
6/30/2014	105	10	N/A	52	N/A
3/31/2014	85	4	N/A	42	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GXE's forecast earnings growth is above the savings rate (2.3%).

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

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

Revenue vs Market: GXE's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: GXE's revenue is forecast to decline over the next 3 years (-4.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GXE'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	2025/02/05 09:31
End of Day Share Price	2025/02/05 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

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 Github.

Analyst Sources

Gear Energy Ltd. is covered by 11 analysts. 2 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
Kirk Wilson	Beacon Securities Limited
Anthony Petrucci	Canaccord Genuity
Garett Ursu	Cormark Securities Inc.

This company listing is no longer active

Gear Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 12% to CA$0.83

Price target decreased by 8.3% to CA$0.92

Price target decreased by 16% to CA$1.03

Gear Energy Ltd. Provides Production Guidance for the Full Year 2023 and 2024

Price target decreased by 9.3% to CA$1.23

Gear Energy Ltd. Revises Production Guidance for the Year 2023

Recent updates

Cenovus Energy Inc. (TSX:CVE) completed the acquisition of Gear Energy Ltd. (TSX:GXE).

Independent Director recently bought CA$977k worth of stock

President recently bought CA$156k worth of stock

Dividend of CA$0.005 announced

Third quarter 2024 earnings released: EPS: CA$0.03 (vs CA$0.031 in 3Q 2023)

Dividend of CA$0.005 announced

New minor risk - Market cap size

Price target decreased by 12% to CA$0.83

Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005

Dividend of CA$0.005 announced

Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005

Price target decreased by 8.3% to CA$0.92

Dividend of CA$0.005 announced

Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005

Dividend of CA$0.005 announced

New minor risk - Insider selling

Second quarter 2024 earnings released: EPS: CA$0.04 (vs CA$0.021 in 2Q 2023)

Vice President of Engineering recently sold CA$71k worth of stock

Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005

Dividend of CA$0.005 announced

Dividend of CA$0.005 announced

Now 21% undervalued

Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005

Gear Energy Ltd. Appoints Scott Robinson as the Chair of the Board of Directors

Dividend of CA$0.005 announced

Independent Chairman of the Board recently bought CA$515k worth of stock

First quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.008 in 1Q 2023)

Gear Energy Ltd. Approves the Appointment of Kathy Turgeon as Director

Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005

Dividend of CA$0.005 announced

Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005

Dividend of CA$0.005 announced

Full year 2023 earnings released: EPS: CA$0.03 (vs CA$0.29 in FY 2022)

Gear Energy Ltd., Annual General Meeting, May 01, 2024

Dividend of CA$0.005 announced

Gear Energy Ltd. Declares Dividend for the February 2024, Payable on February 29, 2024

Price target decreased by 16% to CA$1.03

Gear Energy (TSE:GXE) Will Pay A Dividend Of CA$0.005

Gear Energy Ltd. Confirms Monthly Dividend for the January 2024, Payable on January 31, 2024

Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005

Gear Energy Ltd. Confirms Monthly Dividend for December 2023, Payable on December 29, 2023

Gear Energy (TSE:GXE) Is Due To Pay A Dividend Of CA$0.005

Gear Energy Ltd. Provides Production Guidance for the Full Year 2023 and 2024

Third quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.069 in 3Q 2022)

Now 21% undervalued after recent price drop

Gear Energy Ltd. Confirms Monthly Dividend for November 2023, Payable on November 15, 2023

Now 20% undervalued after recent price drop

Price target decreased by 9.3% to CA$1.23

Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005

Now 20% undervalued after recent price drop

Independent Chairman of the Board recently sold CA$504k worth of stock

Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005

Now 20% undervalued after recent price drop

CEO, President & Director recently bought CA$127k worth of stock

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Gear Energy Ltd. Announces Monthly Dividend for July 2023, Payable on July 31, 2023

CEO, President & Director exercised options and sold CA$97k worth of stock

Gear Energy Ltd. Announces Monthly Dividend for June 2023, Payable on June 30, 2023

Gear Energy Ltd. Revises Production Guidance for the Year 2023

First quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.024 in 1Q 2022)

Now 20% undervalued

CEO, President & Director exercised options and sold CA$69k worth of stock

Investor sentiment improves as stock rises 19%

Now 20% undervalued

Upcoming dividend of CA$0.01 per share at 11% yield

Full year 2022 earnings released: EPS: CA$0.29 (vs CA$0.32 in FY 2021)

Price target decreased by 9.1% to CA$1.50

Gear Energy Ltd., Annual General Meeting, May 03, 2023