Yahoo Finance TMX Group First Quarter 2024 Earnings: Beats Expectations
TMX Group (TSE:X) First Quarter 2024 Results
Key Financial Results
Revenue: CA$787.1m (up 11% from 1Q 2023).
Net income: CA$139.5m (up 57% from 1Q 2023).
Profit margin: 18% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$0.50 (up from CA$0.32 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TMX Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Canada are expected to grow by 11%.
Performance of the Canadian Capital Markets industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for TMX Group that you should be aware of.
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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.
