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

Advantage Energy

26/07/2024 24:29

* Advantage Energy Ltd  AAV.TO  reported a quarterly
adjusted loss
of 7 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 2
cents.  The mean expectation of four analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from -8 cents to 4 cents per share.
    * Revenue fell 1% to C$104.08 million from a year ago;
analysts
expected $108.50 million. 
    * Advantage Energy Ltd's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $12.08 million.
    * Advantage Energy Ltd shares had fallen by 4.7% this
quarter and
gained 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Advantage Energy
Ltd is C$13.25 
This summary was machine generated from LSEG data July 25 at
11:28 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.29           0.29           Met
 Mar. 31 2024      0.46           0.41           Missed
 Dec. 31 2023      0.48           0.53           Beat
 Sep. 30 2023      0.46           0.52           Beat