Computer Modelling Group Full Year 2024 Earnings: EPS Beats Expectations
Computer Modelling Group (TSE:CMG) Full Year 2024 Results
Key Financial Results
Revenue: CA$108.7m (up 47% from FY 2023).
Net income: CA$26.3m (up 33% from FY 2023).
Profit margin: 24% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: CA$0.32 (up from CA$0.25 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Computer Modelling Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 3.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Computer Modelling Group (1 is concerning!) that you need to take into consideration.
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