Evertz Technologies Third Quarter 2024 Earnings: Beats Expectations
Evertz Technologies (TSE:ET) Third Quarter 2024 Results
Key Financial Results
Revenue: CA$135.3m (up 22% from 3Q 2023).
Net income: CA$18.7m (up 57% from 3Q 2023).
Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$0.25 (up from CA$0.16 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Evertz Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Communications industry in Canada.
Performance of the Canadian Communications industry.
The company's shares are up 4.4% from a week ago.
Valuation
Following the latest earnings results, Evertz Technologies may be undervalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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