Yahoo Finance WSP Global First Quarter 2024 Earnings: Beats Expectations
WSP Global (TSE:WSP) First Quarter 2024 Results
Key Financial Results
Revenue: CA$3.59b (up 2.7% from 1Q 2023).
Net income: CA$126.8m (up 13% from 1Q 2023).
Profit margin: 3.5% (up from 3.2% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$1.02 (up from CA$0.90 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WSP Global Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%.
Looking ahead, revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Construction industry in Canada are expected to grow by 2.2%.
Performance of the Canadian Construction industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for WSP Global that you should be aware of before investing here.
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