Lycos Energy Second Quarter 2024 Earnings: EPS: CA$0.19 (vs CA$0.001 in 2Q 2023)

Lycos Energy (CVE:LCX) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$40.7m (up 100% from 2Q 2023).
• Net income: CA$10.2m (up by CA$10.2m from 2Q 2023).
• Profit margin: 25% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CA$0.19 (up from CA$0.001 in 2Q 2023).

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

Lycos Energy Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.2% 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.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Lycos Energy (1 is potentially serious!) that we have uncovered.

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