Yahoo Finance InPlay Oil First Quarter 2024 Earnings: EPS: CA$0.02 (vs CA$0.11 in 1Q 2023)
InPlay Oil (TSE:IPO) First Quarter 2024 Results
Key Financial Results
Revenue: CA$32.9m (down 13% from 1Q 2023).
Net income: CA$1.69m (down 82% from 1Q 2023).
Profit margin: 5.1% (down from 25% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: CA$0.02 (down from CA$0.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
InPlay Oil Earnings Insights
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for InPlay Oil (1 is potentially serious) you should be aware of.
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