Wolverine Energy and Infrastructure Second Quarter 2023 Earnings: Revenues Miss Expectations

Wolverine Energy and Infrastructure (CVE:WEII) Second Quarter 2023 Results

Key Financial Results

• Revenue: CA$9.61m (up 21% from 2Q 2022).

• Net loss: CA$4.60m (loss narrowed by 65% from 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wolverine Energy and Infrastructure Revenues Disappoint

Revenue missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are up 20% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Wolverine Energy and Infrastructure (2 don't sit too well with us!) that you should be aware of.

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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.

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