Secure Energy Services Inc reports results for the quarter ended in January 1 - Earnings Summary

SECURE Waste Infrastructure

30/10/2024 15:16

* Secure Energy Services Inc  SES.TO  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended January
1, higher 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 22 cents per share. Wall
Street expected results to range from 19 cents to 28 cents per
share.
    * Revenue fell 12.4% to C$374.00 million from a year ago;
analysts
expected C$345.67 million. 
    * Secure Energy Services Inc's reported EPS for the quarter
was 39
cents​.
    * The company reported quarterly net income of $94 million.
    * Secure Energy Services Inc shares had risen by 12.6% this
quarter and gained 46.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Secure Energy
Services Inc is C$15.00 
This summary was machine generated from LSEG data October 30 at
03:16 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      0.22           0.39           Beat
 Jun. 30 2024      0.14           0.12           Missed
 Mar. 31 2024      0.14           1.47           Beat
 Dec. 31 2023      0.19           0.20           Beat