Yahoo Finance Kelt Exploration First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Kelt Exploration (TSE:KEL) First Quarter 2024 Results
Key Financial Results
Revenue: CA$111.3m (down 8.2% from 1Q 2023).
Net income: CA$11.8m (down 28% from 1Q 2023).
Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: CA$0.06 (down from CA$0.085 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kelt Exploration Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Kelt Exploration, and understanding them should be part of your investment process.
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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.
