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

Topaz Energy

30/04/2024 13:31

* Topaz Energy Corp  TPZ.TO  reported quarterly adjusted
earnings
of 4 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of three analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 5 cents to 7 cents per share.
    * Revenue rose 0% to $78.22 million from a year ago;
analysts
expected C$73.00 million. 
    * Topaz Energy Corp's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of C$6.2
million.
    * Topaz Energy Corp shares had risen by 3.6% this
quarter and
gained 19.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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 14 "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$27.00 
This summary was machine generated from LSEG data April 30 at
12:31 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      0.48           0.47           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