Yahoo Finance Deluxe First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Deluxe (NYSE:DLX) First Quarter 2024 Results
Key Financial Results
Revenue: US$535.0m (down 1.9% from 1Q 2023).
Net income: US$10.8m (up 294% from 1Q 2023).
Profit margin: 2.0% (up from 0.5% in 1Q 2023).
EPS: US$0.24 (up from US$0.063 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Deluxe Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 7.6% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Deluxe (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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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.
