Yahoo Finance Constellation Software First Quarter 2024 Earnings: EPS Misses Expectations
Constellation Software (TSE:CSU) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.35b (up 23% from 1Q 2023).
Net income: US$105.0m (up 12% from 1Q 2023).
Profit margin: 4.5% (down from 4.9% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$4.95 (up from US$4.44 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Constellation Software EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 2.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Constellation Software that we have uncovered.
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