Yahoo Finance Cascades First Quarter 2024 Earnings: CA$0.20 loss per share (vs CA$0.75 loss in 1Q 2023)
Cascades (TSE:CAS) First Quarter 2024 Results
Key Financial Results
Revenue: CA$1.11b (down 2.2% from 1Q 2023).
Net loss: CA$20.0m (loss narrowed by 73% from 1Q 2023).
CA$0.20 loss per share (improved from CA$0.75 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cascades Earnings Insights
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Packaging industry in Canada.
Performance of the Canadian Packaging industry.
The company's shares are up 6.2% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Cascades (of which 1 is a bit unpleasant!) you should know about.
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