Major Drilling Group International Third Quarter 2024 Earnings: Misses Expectations
Major Drilling Group International (TSE:MDI) Third Quarter 2024 Results
Key Financial Results
Revenue: CA$132.8m (down 11% from 3Q 2023).
Net loss: CA$2.31m (down by 137% from CA$6.27m profit in 3Q 2023).
CA$0.03 loss per share (down from CA$0.076 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Major Drilling Group International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 5.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Major Drilling Group International's balance sheet health.
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