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Orbit Garant Drilling First Quarter 2023 Earnings: EPS: CA$0.03 (vs CA$0.036 loss in 1Q 2022)

Orbit Garant Drilling (TSE:OGD) First Quarter 2023 Results

Key Financial Results

  • Revenue: CA$53.2m (up 5.3% from 1Q 2022).

  • Net income: CA$1.08m (up from CA$1.34m loss in 1Q 2022).

  • Profit margin: 2.0% (up from net loss in 1Q 2022).

  • EPS: CA$0.03 (up from CA$0.036 loss in 1Q 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Orbit Garant Drilling Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 35% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Orbit Garant Drilling (of which 2 don't sit too well with us!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

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