Topaz Energy Corp reports results for the quarter ended in December - Earnings Summary

Topaz Energy

05/03/2024 23:35

* Topaz Energy Corp  TPZ.TO  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in December,
identical to the same quarter last year.  The mean expectation
of two analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 5 cents to 6
cents per share.
    * Revenue fell 13.5% to C$82.78 million from a year ago;
analysts
expected C$79.00 million. 
    * Topaz Energy Corp's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of C$19.64
million.
    * Topaz Energy Corp shares had risen by 5.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
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 13 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Topaz Energy Corp
is C$26.50 
This summary was machine generated from LSEG data March 5 at
11:34 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      0.48           0.52           Beat
 Sep. 30 2023      0.50           0.42           Missed
 Jun. 30 2023      0.48           0.51           Beat
 Mar. 31 2023      0.53           0.59           Beat