Yahoo Finance Morguard First Quarter 2024 Earnings: EPS: CA$12.06 (vs CA$3.15 loss in 1Q 2023)
Morguard (TSE:MRC) First Quarter 2024 Results
Key Financial Results
Revenue: CA$281.7m (down 4.2% from 1Q 2023).
Net income: CA$130.4m (up from CA$34.7m loss in 1Q 2023).
Profit margin: 46% (up from net loss in 1Q 2023).
EPS: CA$12.06 (up from CA$3.15 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Morguard Earnings Insights
Looking ahead, revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Canada are expected to grow by 7.4%.
Performance of the Canadian Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Morguard (2 shouldn't be ignored) you should be aware of.
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