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

SECURE Waste Infrastructure

30/07/2024 14:33

* Secure Energy Services Inc  SES.TO  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 11 cents.  The mean expectation of two analysts
for the quarter was for earnings of 14 cents per share. Wall
Street expected results to range from 13 cents to 14 cents per
share.
    * Revenue rose 622.9% to $2.55 billion from a year ago. 
    * Secure Energy Services Inc's reported EPS for the quarter
was 12
cents​.
    * The company reported quarterly net income of C$32 million.
    * Secure Energy Services Inc shares had fallen by 5.4% this
quarter and gained 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
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 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Secure Energy
Services Inc is C$14.00 
This summary was machine generated from LSEG data July 30 at
01:33 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.14           0.12           Missed
 Mar. 31 2024      0.14           1.47           Beat
 Dec. 31 2023      0.19           0.20           Beat
 Sep. 30 2023      0.18           0.16           Missed