Canadian Natural Resources Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-02

Canadian Natural Resources (TSE:CNQ) Third Quarter 2024 Results Key Financial Results Revenue: CA$8.89b (down 10% from 3Q 2023). Net income: CA$2.27b (down 3.3% from 3Q 2023). Profit margin: 26% (up ...

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The increase in margin was driven by lower expenses.TSX:CNQ Earnings and Revenue Growth November 2nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.3%. Earnings per share  exceeded analyst estimates by 17%.Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in Canada.Performance of the Canadian Oil and Gas industry.The company's shares are down 4.3% from a week ago.While earnings are important, another area to consider is the balance sheet. See our latest analysis on Canadian Natural Resources' balance sheet health.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CNQ":"加国自然资源"},"translate_title":"加拿大自然资源公司2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNQ":1},"content_text":"Canadian Natural Resources (TSE:CNQ) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CA$8.89b (down 10% from 3Q 2023).\nNet income: CA$2.27b (down 3.3% from 3Q 2023).\nProfit margin: 26% (up from 24% in 3Q 2023). The increase in margin was driven by lower expenses.\nEPS: CA$1.07 (down from CA$1.08 in 3Q 2023).\n\n\n\n\n  TSX:CNQ Earnings and Revenue Growth November 2nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCanadian Natural Resources EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 17%. \n Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in Canada. \nPerformance of the Canadian Oil and Gas industry.\n The company's shares are down 4.3% from a week ago. \nBalance Sheet Analysis\n While earnings are important, another area to consider is the balance sheet. See our latest analysis on Canadian Natural Resources' balance sheet health. \nHave 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. 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