Hemisphere Energy Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 23, 2024

Hemisphere Energy (CVE:HME) Third Quarter 2024 Results

Key Financial Results

Revenue: CA$20.9m (up 8.3% from 3Q 2023).
Net income: CA$8.60m (up 1.5% from 3Q 2023).
Profit margin: 41% (down from 44% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: CA$0.09 (up from CA$0.084 in 3Q 2023).

earnings-and-revenue-growth — TSXV:HME Earnings and Revenue Growth November 23rd 2024

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 1.4%. Earnings per share (EPS) also missed analyst estimates by 5.3%.

Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.0%.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Hemisphere Energy.

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

Discover if Hemisphere Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.