Lucero Energy (CVE:LOU) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$32.9m (down 25% from 3Q 2023).

• Net income: CA$4.66m (down 65% from 3Q 2023).

• Profit margin: 14% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$0.01 (down from CA$0.02 in 3Q 2023).

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

Lucero Energy Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 3.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Lucero Energy's balance sheet health.

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