Topaz Energy First Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

May 01, 2024

Topaz Energy (TSE:TPZ) First Quarter 2024 Results

Key Financial Results

Revenue: CA$70.9m (down 9.3% from 1Q 2023).
Net income: CA$6.20m (down 22% from 1Q 2023).
Profit margin: 8.7% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: CA$0.04 (down from CA$0.055 in 1Q 2023).

earnings-and-revenue-growth — TSX:TPZ Earnings and Revenue Growth May 1st 2024

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

Topaz Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Topaz Energy you should be aware of.

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

Discover if Topaz Energy 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.