Pason Systems Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Pason Systems (TSE:PSI) Full Year 2023 Results
Key Financial Results
Revenue: CA$369.3m (up 10% from FY 2022).
Net income: CA$97.5m (down 9.4% from FY 2022).
Profit margin: 26% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: CA$1.21 (down from CA$1.31 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pason Systems Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Be aware that Pason Systems is showing 2 warning signs in our investment analysis that you should know about...
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