Vermilion Energy Third Quarter 2024 Earnings: Misses Expectations

Vermilion Energy (TSE:VET) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$447.4m (flat on 3Q 2023).
• Net income: CA$51.7m (down 9.8% from 3Q 2023).
• Profit margin: 12% (down from 13% in 3Q 2023).
• EPS: CA$0.33 (down from CA$0.35 in 3Q 2023).

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

Vermilion Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Our analysis of these results suggests Vermilion Energy may be undervalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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