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

SECURE Waste Infrastructure

25/04/2024 18:21

* Secure Energy Services Inc  SES.TO  reported quarterly
adjusted
earnings of C$1.47​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 18 cents.  The mean expectation of four analysts
for the quarter was for earnings of 14 cents per share. Wall
Street expected results to range from 3 cents to 20 cents per
share.
    * Revenue fell 13.5% to C$360.00 million from a year ago;
analysts
expected C$340.15 million. 
    * Secure Energy Services Inc's reported EPS for the quarter
was
C$1.47​.
    * The company reported quarterly net income of C$422
million.
    * Secure Energy Services Inc shares had fallen by 0.7% this
quarter and gained 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * 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$13.00 
This summary was machine generated from LSEG data April 25 at
05:21 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
 Mar. 31 2024      0.14           1.47           Beat
 Dec. 31 2023      0.19           0.20           Beat
 Sep. 30 2023      0.18           0.16           Missed
 Jun. 30 2023      0.10           0.11           Beat