Yahoo Finance Hemisphere Energy Third Quarter 2022 Earnings: EPS: CA$0.09 (vs CA$0.026 in 3Q 2021)
Hemisphere Energy (CVE:HME) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$19.6m (up 136% from 3Q 2021).
Net income: CA$9.32m (up 303% from 3Q 2021).
Profit margin: 48% (up from 28% in 3Q 2021). The increase in margin was driven by higher revenue.
EPS: CA$0.09 (up from CA$0.026 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hemisphere Energy Earnings Insights
Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 4.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Hemisphere Energy that you need to take into consideration.
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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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