Stampede Drilling Third Quarter 2024 Earnings: EPS: CA$0.01 (vs CA$0.016 in 3Q 2023)

Stampede Drilling (CVE:SDI) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$24.3m (down 4.9% from 3Q 2023).
• Net income: CA$1.78m (down 50% from 3Q 2023).
• Profit margin: 7.3% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CA$0.01 (down from CA$0.016 in 3Q 2023).

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

Stampede Drilling Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Stampede Drilling that you should be aware of.

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