Yahoo Finance Ithaca Energy First Quarter 2024 Earnings: EPS Misses Expectations
Ithaca Energy (LON:ITH) First Quarter 2024 Results
Key Financial Results
Revenue: US$480.3m (down 26% from 1Q 2023).
Net income: US$42.7m (down 73% from 1Q 2023).
Profit margin: 8.9% (down from 25% in 1Q 2023).
EPS: US$0.042 (down from US$0.16 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ithaca Energy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
Performance of the British Oil and Gas industry.
The company's shares are up 19% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Ithaca Energy has 3 warning signs we think you should be aware of.
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