GURU Organic Energy First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

GURU Organic Energy (TSE:GURU) First Quarter 2023 Results

Key Financial Results

• Revenue: CA$5.01m (down 28% from 1Q 2022).
• Net loss: CA$2.61m (loss narrowed by 18% from 1Q 2022).
• CA$0.08 loss per share (improved from CA$0.099 loss in 1Q 2022).

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

GURU Organic Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Beverage industry in Canada.

Performance of the Canadian Beverage industry.

The company's shares are down 9.3% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for GURU Organic Energy that you should be aware of before investing here.

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.