Yahoo Finance Tidewater Renewables Full Year 2023 Earnings: Misses Expectations
Tidewater Renewables (TSE:LCFS) Full Year 2023 Results
Key Financial Results
Revenue: CA$97.7m (up 28% from FY 2022).
Net loss: CA$41.0m (down by 258% from CA$25.9m profit in FY 2022).
CA$1.18 loss per share (down from CA$0.75 profit in FY 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 5.8%. Earnings per share (EPS) also missed analyst estimates by 43%.
Looking ahead, revenue is forecast to grow 66% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 2.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Tidewater Renewables you should know about.
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