Lycos Energy Third Quarter 2024 Earnings: EPS: CA$0.07 (vs CA$0.043 in 3Q 2023)

Lycos Energy (CVE:LCX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$36.3m (up 46% from 3Q 2023).
• Net income: CA$3.71m (up 118% from 3Q 2023).
• Profit margin: 10% (up from 6.8% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CA$0.07 (up from CA$0.043 in 3Q 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 27% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Lycos Energy that you need to be mindful of.

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.