NuVista Energy (TSE:NVA) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$276.4m (down 18% from 1Q 2023).

• Net income: CA$35.8m (down 56% from 1Q 2023).

• Profit margin: 13% (down from 24% in 1Q 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$0.17 (down from CA$0.37 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NuVista Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for NuVista Energy you should know about.

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