Source Energy Services Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: CA$183.1m (up 47% from 3Q 2023).
• Net income: CA$10.2m (up 172% from 3Q 2023).
• Profit margin: 5.5% (up from 3.0% in 3Q 2023).
• EPS: CA$0.75 (up from CA$0.28 in 3Q 2023).

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

Source Energy Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 100%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth 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

You should learn about the 3 warning signs we've spotted with Source Energy Services.

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