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Geodrill (TSE:GEO)
TSX:GEO
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: 9.72%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue, EBITDA, and net income improvements, as well as successful contract acquisitions. However, there were concerns about high CapEx and delays in dividend reinstatement.Company Guidance
During the Q3 2024 earnings call, Geodrill reported a robust financial performance with a 13% year-over-year revenue increase to $34.1 million and a 22% rise in EBITDA. Net income reached $2.6 million, translating to $0.06 per share, a significant turnaround from a $3 million loss in Q3 2023. The company highlighted its strategic focus on securing long-term contracts, including $150 million in core jurisdictions and $50 million in new contracts in Chile, which are expected to bolster revenue over the next 3-5 years. Geodrill's gross profit rose to 24% of revenue, up from 19% in the prior year, demonstrating improved operational efficiency. The company maintains a strong balance sheet with net cash of $3.5 million, excluding right-of-use liabilities, and is strategically expanding its rig fleet to meet increasing demand, thereby positioning itself well for future growth.Revenue Increase
Revenue increased by 13% year-over-year, reaching $34.1 million for Q3 2024, up from $30.3 million in Q3 2023.
EBITDA Growth
EBITDA increased by 22% year-over-year, with $7.6 million or 22% of revenue compared to $600,000 or 2% of revenue in Q3 2023.
Net Income Turnaround
Reported net income of $2.6 million or $0.06 per share in Q3 2024, compared to a net loss of $3 million or a loss of $0.06 per share in Q3 2023.
Secured Long-term Contracts
Secured multiple contracts, including $150 million in core jurisdictions and new contracts in Chile totaling $50 million.
Gross Profit Improvement
Gross profit for Q3 2024 was $8.4 million, representing 24% of revenue, up from $5.8 million or 19% of revenue in Q3 2023.
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TSE:GEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | C$2.88 | C$2.87 | -0.35% |
| Aug 12, 2024 | C$2.40 | C$2.74 | +14.17% |
| May 13, 2024 | C$2.07 | C$2.28 | +10.14% |
| Mar 04, 2024 | C$1.74 | C$1.69 | -2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Geodrill (TSE:GEO) report earnings?
Geodrill (TSE:GEO) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Geodrill (TSE:GEO) earnings time?
Geodrill (TSE:GEO) earnings time is at Mar 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GEO EPS forecast?
TSE:GEO EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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