Post by
philippechampy on Aug 14, 2023 4:14pm
Simply Wall Street
They issued a severe warning yesterday. You can see the result today.
But they say " statutory earnings are expexted to nosedive to 1.69$ per share . Before this update analysts forecasted 1.69$ per share.". Going from 1.69 to 1.69 is what they call a nosedive !!! And they don't understand that net earnings are not meaningful because they include deferred income tax expenses (or recovery) depending on the foreign exchange rate.
Moreover, they say revenues are expected to decline 6.9% in 2923. But revenues after royalties and transportation (the only meaningful measurement) increased 9% for six months !
Reckless