Fiera Capital First Quarter 2024 Earnings: Revenues Beat Expectations
Fiera Capital (TSE:FSZ) First Quarter 2024 Results
Key Financial Results
Revenue: CA$168.1m (up 7.0% from 1Q 2023).
Net income: CA$7.65m (up from CA$2.52m loss in 1Q 2023).
Profit margin: 4.5% (up from net loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fiera Capital Earnings Insights
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's shares are up 6.1% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Fiera Capital (2 are a bit concerning!) that you should be aware of.
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