Solaris Energy Infrastructure Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 06, 2024

Solaris Energy Infrastructure (NYSE:SEI) Third Quarter 2024 Results

Key Financial Results

Revenue: US$75.0m (up 7.7% from 3Q 2023).
Net loss: US$1.20m (down by 125% from US$4.73m profit in 3Q 2023).
US$0.042 loss per share (down from US$0.16 profit in 3Q 2023).

earnings-and-revenue-growth — NYSE:SEI Earnings and Revenue Growth November 6th 2024

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

Solaris Energy Infrastructure Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Solaris Energy Infrastructure (1 makes us a bit uncomfortable!) that you should be aware of.

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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.