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Altus Group Third Quarter 2022 Earnings: Revenues Disappoint

Altus Group (TSE:AIF) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CA$177.7m (up 17% from 3Q 2021).

  • Net income: CA$6.83m (up from CA$295.0k loss in 3Q 2021).

  • Profit margin: 3.8% (up from net loss in 3Q 2021).

  • EPS: CA$0.15 (up from CA$0.007 loss in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Altus Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Real Estate industry in Canada.

Performance of the Canadian Real Estate industry.

The company's shares are up 10.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Altus Group (of which 1 is a bit concerning!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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