In This Article:
Stampede Drilling (CVE:SDI) Full Year 2024 Results
Key Financial Results
-
Revenue: CA$82.1m (down 4.5% from FY 2023).
-
Net income: CA$5.16m (down 51% from FY 2023).
-
Profit margin: 6.3% (down from 12% in FY 2023). The decrease in margin was primarily driven by lower revenue.
-
EPS: CA$0.02 (down from CA$0.047 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stampede Drilling Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are down 10.0% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Stampede Drilling has 2 warning signs we think you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.