Cogeco Third Quarter 2024 Earnings: EPS: CA$1.99 (vs CA$2.22 loss in 3Q 2023)

[email protected] (Simply Wall St)
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Cogeco (TSE:CGO) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CA$777.2m (up 1.3% from 3Q 2023).

  • Net income: CA$19.0m (up from CA$34.5m loss in 3Q 2023).

  • Profit margin: 2.4% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.

  • EPS: CA$1.99 (up from CA$2.22 loss in 3Q 2023).

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

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

Cogeco Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.3% growth forecast for the Telecom industry in Canada.

Performance of the Canadian Telecom industry.

The company's shares are up 8.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Cogeco that you need to take into consideration.

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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.

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