Spartan Delta Third Quarter 2023 Earnings: EPS: CA$0.05 (vs CA$1.84 in 3Q 2022)

In This Article:

Spartan Delta (TSE:SDE) Third Quarter 2023 Results

Key Financial Results

  • Revenue: CA$75.9m (down 76% from 3Q 2022).

  • Net income: CA$9.01m (down 97% from 3Q 2022).

  • Profit margin: 12% (down from 90% in 3Q 2022).

  • EPS: CA$0.05 (down from CA$1.84 in 3Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Spartan Delta Earnings Insights

Looking ahead, revenue is expected to decline by 70% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.1%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Be aware that Spartan Delta is showing 3 warning signs in our investment analysis and 2 of those are significant...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.