Yahoo Finance Pason Systems First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Pason Systems (TSE:PSI) First Quarter 2024 Results
Key Financial Results
Revenue: CA$104.8m (up 6.6% from 1Q 2023).
Net income: CA$69.5m (up 94% from 1Q 2023).
Profit margin: 66% (up from 37% in 1Q 2023).
EPS: CA$0.87 (up from CA$0.44 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pason Systems EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 178%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Pason Systems (1 shouldn't be ignored!) that you need to take into consideration.
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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.
