Athabasca Oil Full Year 2023 Earnings: Misses Expectations
Athabasca Oil (TSE:ATH) Full Year 2023 Results
Key Financial Results
Revenue: CA$1.20b (down 11% from FY 2022).
Net loss: CA$51.2m (down by 109% from CA$572.3m profit in FY 2022).
CA$0.088 loss per share (down from CA$1.01 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Athabasca Oil Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 29%.
The company's shares are up 6.5% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Athabasca Oil's balance sheet.
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