Source Energy Services First Quarter 2024 Earnings: EPS: CA$0.14 (vs CA$0.58 in 1Q 2023)

Source Energy Services (TSE:SHLE) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$169.6m (up 3.6% from 1Q 2023).
• Net income: CA$1.89m (down 76% from 1Q 2023).
• Profit margin: 1.1% (down from 4.8% in 1Q 2023).
• EPS: CA$0.14 (down from CA$0.58 in 1Q 2023).

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

Source Energy Services Earnings Insights

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 9.0% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Be aware that Source Energy Services is showing 4 warning signs in our investment analysis and 3 of those are concerning...

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