Serica Energy First Half 2024 Earnings: EPS: US$0.21 (vs US$0.66 in 1H 2023)

Simply Wall St

September 12, 2024

Serica Energy (LON:SQZ) First Half 2024 Results

Key Financial Results

Revenue: US$461.6m (up 8.2% from 1H 2023).
Net income: US$82.5m (down 63% from 1H 2023).
Profit margin: 18% (down from 52% in 1H 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.21 (down from US$0.66 in 1H 2023).

earnings-and-revenue-growth — AIM:SQZ Earnings and Revenue Growth September 12th 2024

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

Serica Energy Earnings Insights

Looking ahead, revenue is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Serica Energy (2 can't be ignored!) 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.