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

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).

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.

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