Q2 2024 Earnings Forecast for Lycos Energy Inc. Issued By Atb Cap Markets (CVE:LCX)

Lycos Energy Inc. (CVE:LCX) – Atb Cap Markets decreased their Q2 2024 EPS estimates for shares of Lycos Energy in a research note issued to investors on Thursday, May 23rd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.09. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Lycos Energy’s current full-year earnings is $0.39 per share. Atb Cap Markets also issued estimates for Lycos Energy’s Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.27 EPS and FY2025 earnings at $0.33 EPS.

Lycos Energy (CVE:LCX) last posted its quarterly earnings results on Thursday, April 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$24.75 million for the quarter. Lycos Energy had a net margin of 28.94% and a return on equity of 16.90%.

Separately, BMO Capital Markets set a C$5.00 price target on shares of Lycos Energy and gave the stock an “outperform” rating in a research report on Tuesday, May 14th.

Lycos Energy Stock Performance

CVE LCX opened at C$3.57 on Friday. The company has a market cap of C$189.50 million and a P/E ratio of 6.49. Lycos Energy has a 1 year low of C$3.04 and a 1 year high of C$4.15.