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Terra Firma Capital Reports Third Quarter 2022 Earnings

Terra Firma Capital (CVE:TII) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$1.35m (down 27% from 3Q 2021).

  • Net income: US$463.4k (down 13% from 3Q 2021).

  • Profit margin: 34% (up from 29% in 3Q 2021). The increase in margin was driven by lower expenses.

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

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

Terra Firma Capital Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Mortgage industry in Canada.

Performance of the Canadian Mortgage industry.

The company's shares are up 7.9% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Terra Firma Capital (1 can't be ignored!) that you should be aware of before investing here.

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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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