Superior Plus (TSE:SPB) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$359.4m (down 9.1% from 3Q 2023).
- Net loss: US$66.7m (loss narrowed by 22% from 3Q 2023).
- US$0.27 loss per share (improved from US$0.34 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Superior Plus Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Gas Utilities industry in North America.
Performance of the market in Canada.
The company's shares are down 3.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Superior Plus (2 are concerning!) that you need to take into consideration.
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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.
About TSX:SPB
Superior Plus
Distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada.
Reasonable growth potential low.
