STEP Energy Services Future Growth

Future criteria checks 3/6

STEP Energy Services's revenue is forecast to decline at 0.3% per annum while its annual earnings are expected to grow at 21.1% per year. EPS is expected to grow by 22.5% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

21.1%

Earnings growth rate

22.5%

EPS growth rate

Energy Services earnings growth	22.4%
Revenue growth rate	-0.3%
Future return on equity	14.0%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Mar 15

Recent updates

Improved Earnings Required Before STEP Energy Services Ltd. (TSE:STEP) Shares Find Their Feet

Jul 19

STEP Energy Services Ltd. (TSE:STEP) Shares Could Be 42% Below Their Intrinsic Value Estimate

Jun 11

Returns Are Gaining Momentum At STEP Energy Services (TSE:STEP)

Apr 07

Sentiment Still Eluding STEP Energy Services Ltd. (TSE:STEP)

Mar 15

Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Mar 15

STEP Energy Services (TSE:STEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 09

These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively

Aug 01

New Forecasts: Here's What Analysts Think The Future Holds For STEP Energy Services Ltd. (TSE:STEP)

May 21

Is STEP Energy Services (TSE:STEP) A Risky Investment?

Sep 28

Is STEP Energy Services (TSE:STEP) Using Debt In A Risky Way?

May 17

Earnings and Revenue Growth Forecasts

TSX:STEP - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	993	72	59	168	4
12/31/2025	969	63	59	172	6
12/31/2024	968	56	50	152	4
9/30/2024	1,003	41	40	154	N/A
6/30/2024	1,002	67	47	169	N/A
3/31/2024	1,003	72	26	136	N/A
12/31/2023	946	50	66	172	N/A
9/30/2023	1,002	72	66	164	N/A
6/30/2023	992	82	93	187	N/A
3/31/2023	1,033	105	88	185	N/A
12/31/2022	989	95	40	123	N/A
9/30/2022	896	72	65	127	N/A
6/30/2022	784	38	-5	44	N/A
3/31/2022	619	-11	-11	30	N/A
12/31/2021	536	-28	22	59	N/A
9/30/2021	449	-39	-4	25	N/A
6/30/2021	378	-45	-7	16	N/A
3/31/2021	311	-75	27	41	N/A
12/31/2020	369	-119	29	47	N/A
9/30/2020	424	-127	33	61	N/A
6/30/2020	540	-230	75	114	N/A
3/31/2020	686	-195	20	71	N/A
12/31/2019	668	-144	21	70	N/A
9/30/2019	711	-178	48	106	N/A
6/30/2019	773	-56	16	95	N/A
3/31/2019	771	-58	-2	101	N/A
12/31/2018	782	-39	-5	111	N/A
9/30/2018	767	37	-52	69	N/A
6/30/2018	702	56	N/A	69	N/A
3/31/2018	623	67	N/A	72	N/A
12/31/2017	553	58	N/A	49	N/A
9/30/2017	463	38	N/A	40	N/A
6/30/2017	346	8	N/A	4	N/A
3/31/2017	260	-2	N/A	-12	N/A
12/31/2016	169	-20	N/A	-16	N/A
9/30/2016	140	-21	N/A	-20	N/A
12/31/2015	115	-6	N/A	14	N/A
12/31/2014	132	13	N/A	27	N/A
12/31/2013	80	6	N/A	16	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STEP's forecast earnings growth (21.1% per year) is above the savings rate (2.3%).

Earnings vs Market: STEP's earnings (21.1% per year) are forecast to grow faster than the Canadian market (16.4% per year).

High Growth Earnings: STEP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STEP's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: STEP's revenue is forecast to decline over the next 3 years (-0.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STEP's Return on Equity is forecast to be low in 3 years time (14%).

STEP Energy Services Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 7.9% to CA$6.04

Consensus EPS estimates fall by 14%

Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Price target decreased by 16% to CA$5.72

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 17%

Recent updates

STEP Energy Services Expects to Delist from Trading on the TSX

ARC Energy Fund 8 a fund manage by ARC Financial Corp. agreed to acquire remaining 43.93% stake in STEP Energy Services Ltd. (TSX:STEP) in a going private transaction for CAD 180 million.

Investor sentiment improves as stock rises 45%

STEP Energy Services Ltd. to Report Q3, 2024 Results on Nov 13, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Improved Earnings Required Before STEP Energy Services Ltd. (TSE:STEP) Shares Find Their Feet

STEP Energy Services Ltd. to Report Q2, 2024 Results on Aug 06, 2024

Price target increased by 7.9% to CA$6.04

STEP Energy Services Ltd. (TSE:STEP) Shares Could Be 42% Below Their Intrinsic Value Estimate

President exercised options and sold CA$119k worth of stock

Chief Operating Officer exercised options to buy CA$256k worth of stock.

Chief Operating Officer recently sold CA$125k worth of stock

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Returns Are Gaining Momentum At STEP Energy Services (TSE:STEP)

President exercised options and sold CA$73k worth of stock

STEP Energy Services Ltd., Annual General Meeting, Jun 06, 2024

Consensus EPS estimates fall by 14%

Independent Director recently bought CA$52k worth of stock

Sentiment Still Eluding STEP Energy Services Ltd. (TSE:STEP)

Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Price target decreased by 16% to CA$5.72

Full year 2023 earnings: EPS misses analyst expectations

STEP Energy Services Ltd. to Report Q4, 2023 Results on Mar 11, 2024

Investor sentiment improves as stock rises 15%

New major risk - Revenue and earnings growth

President exercised options and sold CA$317k worth of stock

Is STEP Energy Services (TSE:STEP) Using Too Much Debt?

Consensus EPS estimates fall by 11%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

STEP Energy Services Ltd. Announces Board Changes

STEP Energy Services Ltd. to Report Q3, 2023 Results on Nov 01, 2023

STEP Energy Services Ltd. Announces Board Changes

STEP Energy Services (TSE:STEP) Is Very Good At Capital Allocation

Second quarter 2023 earnings: EPS exceeds analyst expectations

STEP Energy Services Ltd. to Report Q2, 2023 Results on Aug 02, 2023

Investor sentiment improves as stock rises 20%

Return Trends At STEP Energy Services (TSE:STEP) Aren't Appealing

First quarter 2023 earnings: EPS exceeds analyst expectations

Is STEP Energy Services (TSE:STEP) A Risky Investment?

Consensus EPS estimates fall by 17%

Price target decreased by 11% to CA$7.57

Price target decreased by 7.2% to CA$8.29

Price target decreased by 13% to CA$8.93

Full year 2022 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 17%

STEP Energy Services Ltd. to Report Q4, 2022 Results on Mar 01, 2023

Insufficient new directors

STEP Energy Services (TSE:STEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improved over the past week

STEP Energy Services Ltd. to Report Q3, 2022 Results on Nov 02, 2022

VP of Legal & General Counsel exercised options and sold CA$66k worth of stock

President & COO recently bought CA$100k worth of stock

Investor sentiment deteriorated over the past week

STEP Energy Services Ltd. Announces CEO Changes

Investor sentiment improved over the past week

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively

STEP Energy Services Ltd. to Report Q2, 2022 Results on Aug 10, 2022

CEO & Director exercised options and sold CA$251k worth of stock

New Forecasts: Here's What Analysts Think The Future Holds For STEP Energy Services Ltd. (TSE:STEP)

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to CA$4.93

Insufficient new directors

Price target increased to CA$4.71

STEP Energy Services Ltd., Annual General Meeting, Jun 23, 2022

STEP Energy Services Ltd. to Report Q1, 2022 Results on May 11, 2022

Price target increased to CA$4.14