Spartan Delta Third Quarter 2023 Earnings: EPS: CA$0.05 (vs CA$1.84 in 3Q 2022)
Spartan Delta (TSE:SDE) Third Quarter 2023 Results
Key Financial Results
Revenue: CA$75.9m (down 76% from 3Q 2022).
Net income: CA$9.01m (down 97% from 3Q 2022).
Profit margin: 12% (down from 90% in 3Q 2022).
EPS: CA$0.05 (down from CA$1.84 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spartan Delta Earnings Insights
Looking ahead, revenue is expected to decline by 70% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.1%.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 19% from a week ago.
Risk Analysis
Be aware that Spartan Delta is showing 3 warning signs in our investment analysis and 2 of those are significant...
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