Yahoo Finance Trican Well Service Second Quarter 2024 Earnings: Beats Expectations
Trican Well Service (TSE:TCW) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$211.8m (up 26% from 2Q 2023).
Net income: CA$16.2m (up 65% from 2Q 2023).
Profit margin: 7.7% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$0.08 (up from CA$0.045 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Trican Well Service Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 85%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 2.6% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Trican Well Service (1 can't be ignored!) that you should be aware of before investing here.
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