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

Topaz Energy

31/07/2023 23:03

* Topaz Energy Corp  TPZ.TO  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
8 cents per share.
    * Revenue fell 32.7% to C$74.68 million from a year ago. 
    * Topaz Energy Corp's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Topaz Energy Corp shares had risen by 4.0% this
quarter and
gained 1.5% so far this year.
    * The company reported quarterly net income of C$9.37
million.
    * Wall Street's median 12-month price target for Topaz
Energy Corp
is C$27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:03 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.48           0.51           Beat
 Mar. 31 2023      0.53           0.59           Beat
 Dec. 31 2022      0.60           0.48           Missed
 Sep. 30 2022      0.54           0.69           Beat