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

Advantage Energy

26/04/2024 02:08

* Advantage Energy Ltd  AAV.TO  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 18 cents.  The mean expectation of four analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results 
    * Revenue was C$135.90 million​; analysts expected C$138.20
million. 
    * Advantage Energy Ltd's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of C$23.16
million.
    * Advantage Energy Ltd shares had risen by 5.0% this
quarter and
gained 21.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.7%
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$13.00 
This summary was machine generated from LSEG data April 26 at
01:08 a.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
 Mar. 31 2024      0.46           0.41           Missed
 Dec. 31 2023      0.48           0.53           Beat
 Sep. 30 2023      0.46           0.52           Beat
 Jun. 30 2023      0.34           0.30           Missed