Yahoo Finance Cathedral Energy Services Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Cathedral Energy Services (TSE:CET) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$107.8m (up 436% from 3Q 2021).
Net income: CA$8.66m (up by CA$8.26m from 3Q 2021).
Profit margin: 8.0% (up from 2.0% in 3Q 2021).
EPS: CA$0.04 (up from CA$0.005 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cathedral Energy Services Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 27% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Cathedral Energy Services that you should be aware of.
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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.
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