Stock Analysis

Trican Well Service Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

TSX:TCW
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Trican Well Service (TSE:TCW) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CA$221.6m (down 12% from 3Q 2023).
  • Net income: CA$24.5m (down 33% from 3Q 2023).
  • Profit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CA$0.12 (down from CA$0.17 in 3Q 2023).
earnings-and-revenue-growth
TSX:TCW Earnings and Revenue Growth October 31st 2024

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

Trican Well Service EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are up 1.8% from a week ago.

Valuation

Our analysis of Trican Well Service based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

Valuation is complex, but we're here to simplify it.

Discover if Trican Well Service might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.