Yahoo Finance Whitecap Resources Full Year 2023 Earnings: Beats Expectations
Whitecap Resources (TSE:WCP) Full Year 2023 Results
Key Financial Results
Revenue: CA$3.38b (down 14% from FY 2022).
Net income: CA$889.0m (down 47% from FY 2022).
Profit margin: 26% (down from 43% in FY 2022). The decrease in margin was primarily driven by lower revenue.
EPS: CA$1.47 (down from CA$2.72 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Whitecap Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 9.2% from a week ago.
Valuation
It's possible that Whitecap Resources could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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