Cooper Energy Full Year 2023 Earnings: Misses Expectations
Cooper Energy (ASX:COE) Full Year 2023 Results
Key Financial Results
Revenue: AU$196.9m (down 4.1% from FY 2022).
Net loss: AU$68.5m (loss widened by AU$57.9m from FY 2022).
AU$0.026 loss per share (further deteriorated from AU$0.006 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cooper Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Australia.
Performance of the Australian Oil and Gas industry.
The company's shares are down 4.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Cooper Energy that you should be aware of.
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