Gear Energy (TSE:GXE) First Quarter 2024 Results
Key Financial Results
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Revenue: CA$30.9m (up 4.5% from 1Q 2023).
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Net income: CA$2.58m (up 30% from 1Q 2023).
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Profit margin: 8.3% (up from 6.7% in 1Q 2023). The increase in margin was driven by higher revenue.
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EPS: CA$0.01 (up from CA$0.008 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gear Energy Earnings Insights
Looking ahead, revenue is expected to decline by 1.8% pa on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.6%.
Performance of the Canadian Oil and Gas industry.
The company’s shares are up 4.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Gear Energy that we have uncovered.
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