Advertisement
UK markets closed
  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     
  • FTSE 250

    20,120.36
    -75.59 (-0.37%)
     
  • AIM

    776.04
    -4.39 (-0.56%)
     
  • GBP/EUR

    1.1845
    -0.0034 (-0.29%)
     
  • GBP/USD

    1.2686
    -0.0074 (-0.58%)
     
  • Bitcoin GBP

    52,576.91
    +168.02 (+0.32%)
     
  • CMC Crypto 200

    1,381.31
    -36.57 (-2.58%)
     
  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     
  • DOW

    38,589.16
    -57.94 (-0.15%)
     
  • CRUDE OIL

    78.49
    -0.13 (-0.17%)
     
  • GOLD FUTURES

    2,348.40
    +30.40 (+1.31%)
     
  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     
  • HANG SENG

    17,941.78
    -170.85 (-0.94%)
     
  • DAX

    18,002.02
    -263.66 (-1.44%)
     
  • CAC 40

    7,503.27
    -204.75 (-2.66%)
     

Pason Systems First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pason Systems (TSE:PSI) First Quarter 2024 Results

Key Financial Results

  • Revenue: CA$104.8m (up 6.6% from 1Q 2023).

  • Net income: CA$69.5m (up 94% from 1Q 2023).

  • Profit margin: 66% (up from 37% in 1Q 2023).

  • EPS: CA$0.87 (up from CA$0.44 in 1Q 2023).

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

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

Pason Systems EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 178%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% decline forecast for the Energy Services industry in Canada.

ADVERTISEMENT

Performance of the Canadian Energy Services industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Pason Systems (1 shouldn't be ignored!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.