Surge Energy (TSE:SGY) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$143.8m (down 6.0% from 3Q 2023).
- Net income: CA$17.3m (up 4.1% from 3Q 2023).
- Profit margin: 12% (up from 11% in 3Q 2023).
- EPS: CA$0.17 (up from CA$0.17 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Surge Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 32%.
Looking ahead, revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.3%.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 1.0% from a week ago.
Risk Analysis
Be aware that Surge Energy is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:SGY
Surge Energy
Explores, develops, and produces oil and gas in western Canada.
Good value with adequate balance sheet.
