VAALCO Energy Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-14 18:57

VAALCO Energy (NYSE:EGY) Third Quarter 2024 Results Key Financial Results Revenue: US$140.3m (up 21% from 3Q 2023). Net income: US$11.0m (up 81% from 3Q 2023). Profit margin: 7.8% (up from 5.2% in 3Q...

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The increase in margin was driven by higher revenue.NYSE:EGY Earnings and Revenue Growth November 14th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 3.7%. Earnings per share  missed analyst estimates by 17%.Looking ahead, revenue is expected to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%.Performance of the American Oil and Gas industry.The company's shares are down 6.4% from a week ago.We don't want to rain on the parade too much, but we did also find 1 warning sign for VAALCO Energy that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EGY":"瓦可能源"},"translate_title":"Vaalco Energy 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EGY":0.9},"content_text":"VAALCO Energy (NYSE:EGY) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$140.3m (up 21% from 3Q 2023).\nNet income: US$11.0m (up 81% from 3Q 2023).\nProfit margin: 7.8% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$0.11 (up from US$0.057 in 3Q 2023).\n\n\n\n\n  NYSE:EGY Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nVAALCO Energy Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 17%. \n Looking ahead, revenue is expected to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. \nPerformance of the American Oil and Gas industry.\n The company's shares are down 6.4% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 1 warning sign for VAALCO Energy that you need to be mindful of. \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. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483387983"}