Advantage Energy Ltd expected to post earnings of 16  cents a share - Earnings Preview

Advantage Energy

25/10/2023 03:01

* Advantage Energy Ltd  AAV.TO   is expected to show a fall
in
quarterly revenue when it reports  results on October 26. 
    * The Calgary Alberta-based  company is expected to report 
a
29.5% decrease in revenue to C$147.2 million from C$208.79
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Advantage Energy
Ltd is
for earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Advantage
Energy
Ltd is C$11.93​, above​ its last closing price of C$9.35. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.32        0.34       0.30      Missed  -10.4
 Mar. 31 2023  0.61        0.63       0.63      Met     -0.3
 Dec. 31 2022  0.69        0.70       0.55      Missed  -21.3​
 Sep. 30 2022  0.55        0.62       0.65      Beat    4.5
 ​​Jun.        0.80        0.77       0.83      Beat    7.2
 30 2022                                                
 Mar. 31 2022  0.55        0.54       0.57      Beat    5.2​
 Dec. 31 2021  0.38        0.38       0.35      Missed  -7.5
 Sep. 30 2021  0.29        0.29       0.25      Missed  -13
 This summary was machine generated October 25 at 02:01 GMT.  All
figures in Canadian dollars  unless otherwise stated