Empresas Copec Third Quarter 2023 Earnings: EPS Misses Expectations

Empresas Copec (SNSE:COPEC) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$7.29b (down 7.8% from 3Q 2022).
• Net loss: US$43.4m (down by 109% from US$473.9m profit in 3Q 2022).
• US$0.033 loss per share (down from US$0.36 profit in 3Q 2022).

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

Empresas Copec EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in South America.

Performance of the market in Chile.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Empresas Copec (1 is a bit unpleasant!) that you should be aware of before investing here.

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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.