Yahoo Finance Alaris Equity Partners Income Trust First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Alaris Equity Partners Income Trust (TSE:AD.UN) First Quarter 2024 Results
Key Financial Results
Revenue: CA$30.3m (down 19% from 1Q 2023).
Net income: CA$73.8m (up by CA$68.2m from 1Q 2023).
EPS: CA$1.62 (up from CA$0.12 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alaris Equity Partners Income Trust EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates significantly.
Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Canada are expected to grow by 9.0%.
Performance of the Canadian Capital Markets industry.
The company's shares are up 6.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Alaris Equity Partners Income Trust (1 doesn't sit too well with us) you should be aware of.
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