Secure Energy Services Inc reports results for the quarter ended in December - Earnings Summary

SECURE Waste Infrastructure

29/02/2024 14:32

* Secure Energy Services Inc  SES.TO  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
four analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 17 cents to 20
cents per share.
    * Revenue rose 12.5% to C$451.00 million from a year ago;
analysts
expected C$420.00 million. 
    * Secure Energy Services Inc's reported EPS for the quarter
was 20
cents​.
    * The company reported quarterly net income of C$59 million.
    * Secure Energy Services Inc shares had risen by 18.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Secure
Energy
Services Inc is C$13.00 

This summary was machine generated from LSEG data February 29 at
02:31 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
 Dec. 31 2023      0.19           0.20           Beat
 Sep. 30 2023      0.18           0.16           Missed
 Jun. 30 2023      0.10           0.11           Beat
 Mar. 31 2023      0.19           0.18           Missed