TMX Group Full Year 2022 Earnings: EPS Beats Expectations
TMX Group (TSE:X) Full Year 2022 Results
Key Financial Results
Revenue: CA$1.86b (up 80% from FY 2021).
Net income: CA$542.7m (up 60% from FY 2021).
Profit margin: 29% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: CA$9.74 (up from CA$6.03 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TMX Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%.
Looking ahead, revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with TMX Group.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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