Advantage Energy Ltd reports results for the quarter ended in June - Earnings Summary

Advantage Energy

28/07/2023 05:10

* Advantage Energy Ltd  AAV.TO  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 12 cents per share.
    * Revenue fell 62.8% to C$105.11 million from a year ago;
analysts
expected C$115.80 million. 
    * Advantage Energy Ltd's reported EPS for the quarter was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Advantage Energy Ltd shares had risen by 6.4% this
quarter and
lost 2.9% so far this year.
    * The company reported quarterly net income of C$2.54
million.
    * Wall Street's median 12-month price target for Advantage
Energy
Ltd is C$11.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 04:10 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.34           0.30           Missed
 Mar. 31 2023      0.63           0.63           Met
 Dec. 31 2022      0.70           0.55           Missed
 Sep. 30 2022      0.62           0.65           Beat