Tidewater Renewables (TSE:LCFS) First Quarter 2023 Results
Key Financial Results
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Revenue: CA$19.9m (down 30% from 1Q 2022).
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Net loss: CA$21.5m (down from CA$1.46m profit in 1Q 2022).
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CA$0.62 loss per share (down from CA$0.03 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tidewater Renewables Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
Be aware that Tidewater Renewables is showing 1 warning sign in our investment analysis that you should know about...
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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.
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