Surge Energy Full Year 2023 Earnings: Misses Expectations
Surge Energy (TSE:SGY) Full Year 2023 Results
Key Financial Results
Revenue: CA$560.7m (down 7.6% from FY 2022).
Net income: CA$15.8m (down 93% from FY 2022).
Profit margin: 2.8% (down from 38% in FY 2022).
EPS: CA$0.16 (down from CA$2.74 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Surge Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 79%.
Looking ahead, revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.5%.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 5.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Surge Energy (1 is a bit unpleasant!) that you need to take into consideration.
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.
