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Alvopetro Energy Full Year 2023 Earnings: EPS Misses Expectations
Alvopetro Energy (CVE:ALV) Full Year 2023 Results
Key Financial Results
- Revenue: US$59.8m (up 1.2% from FY 2022).
- Net income: US$28.5m (down 10% from FY 2022).
- Profit margin: 48% (down from 54% in FY 2022).
- EPS: US$0.77 (down from US$0.92 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alvopetro Energy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 17% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Alvopetro Energy that we have uncovered.
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About TSXV:ALV
Alvopetro Energy
Alvopetro Energy Ltd. operates as an independent upstream and midstream operator.