Stock Analysis
Hemisphere Energy (CVE:HME) Full Year 2023 Results
Key Financial Results
- Revenue: CA$68.6m (down 5.0% from FY 2022).
- Net income: CA$24.2m (up 14% from FY 2022).
- Profit margin: 35% (up from 30% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: CA$0.24 (up from CA$0.21 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hemisphere Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 16%.
Looking ahead, revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.3%.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 1.2% from a week ago.
Risk Analysis
Be aware that Hemisphere Energy is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...
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About TSXV:HME
Hemisphere Energy
Hemisphere Energy Corporation acquires, explores, develops, and produces petroleum and natural gas interests in Canada.
Solid track record with excellent balance sheet.