Touchstone Exploration Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Touchstone Exploration (TSE:TXP) Full Year 2024 Results

Key Financial Results

• Revenue: US$43.7m (up 21% from FY 2023).
• Net income: US$8.27m (up from US$20.6m loss in FY 2023).
• Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$0.04 (up from US$0.088 loss in FY 2023).

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

Touchstone Exploration Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Touchstone Exploration (1 is concerning!) that we have uncovered.

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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.