Capricorn Energy Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Capricorn Energy (LON:CNE) Full Year 2024 Results

Key Financial Results

• Revenue: US$177.9m (down 12% from FY 2023).
• Net loss: US$12.6m (loss narrowed by 91% from FY 2023).
• US$0.17 loss per share (improved from US$1.41 loss in FY 2023).

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

Capricorn Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 147%.

Looking ahead, revenue is forecast to decline by 23% 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 down 3.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Capricorn Energy (of which 1 is concerning!) you should know about.

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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.