Advantage Energy Ltd reports results for the quarter ended in September 30 - Earnings Summary

Advantage Energy

27/10/2024 15:51

* Advantage Energy Ltd  AAV.TO  reported a quarterly
adjusted loss
of 4 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of four analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 1 cents to 12 cents per share.
    * Revenue fell 9.2% to C$121.56 million from a year ago;
analysts
expected $149.90 million. 
    * Advantage Energy Ltd's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of C$6.49 million.
    * Advantage Energy Ltd shares had fallen by 2.9% this
quarter and
gained 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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$12.75 
This summary was machine generated from LSEG data October 27 at
03:51 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
 Sep. 30 2024      0.31           0.28           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