Yahoo Finance AutoCanada Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
AutoCanada (TSE:ACQ) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$1.62b (up 35% from 3Q 2021).
Net income: CA$31.5m (down 16% from 3Q 2021).
Profit margin: 1.9% (down from 3.1% in 3Q 2021).
EPS: CA$1.22 (down from CA$1.37 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AutoCanada Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 7.2%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Specialty Retail industry in Canada.
Performance of the Canadian Specialty Retail industry.
The company's shares are up 20% from a week ago.
Risk Analysis
You still need to take note of risks, for example - AutoCanada has 2 warning signs (and 1 which is concerning) we think you should know about.
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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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