Cogeco Communications Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

editorial-team@simplywallst.com (Simply Wall St)
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Cogeco Communications (TSE:CCA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CA$750.6m (up 1.2% from 3Q 2023).

  • Net income: CA$70.4m (down 27% from 3Q 2023).

  • Profit margin: 9.4% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses.

  • EPS: CA$1.68 (down from CA$2.17 in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Cogeco Communications Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Canada.

Performance of the Canadian Telecom industry.

The company's shares are up 4.1% from a week ago.

Valuation

It's possible that Cogeco Communications could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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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.

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