EverGen Infrastructure Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
EverGen Infrastructure (CVE:EVGN) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$4.24m (up 96% from 2Q 2023).
Net loss: CA$737.0k (loss narrowed by 17% from 2Q 2023).
CA$0.053 loss per share (improved from CA$0.064 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EverGen Infrastructure Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Gas Utilities industry in North America.
Performance of the market in Canada.
The company's shares are up 1.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for EverGen Infrastructure that we have uncovered.
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