Stock Analysis
ROK Resources (CVE:ROK) Full Year 2023 Results
Key Financial Results
- Revenue: CA$80.9m (down 3.6% from FY 2022).
- Net loss: CA$11.0m (down by 114% from CA$80.0m profit in FY 2022).
- CA$0.05 loss per share (down from CA$0.46 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ROK Resources EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 114%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 7.5% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with ROK Resources, and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether ROK Resources is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About TSXV:ROK
ROK Resources
ROK Resources Inc. operates as independent oil and gas company in Canada.
Undervalued with high growth potential.