Africa Oil Corp expected to post earnings of 8 cents a share - Earnings Preview

Meren Energy

12/08/2024 23:10

* Africa Oil Corp  AOI.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 14 for the
period ending June 30 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 70.2% decrease in revenue to $53 million from $178
million a year ago, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Africa Oil Corp is for
earnings of 8 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "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 Africa Oil
Corp
is C$3.72​, above​ its last closing price of C$2.17. ​​​

This summary was machine generated August 12 at 22:10 GMT.  All
figures in US 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)