Timbercreek Financial (TSE:TF) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$35.6m (up 66% from 2Q 2023).

• Net income: CA$15.4m (down 9.0% from 2Q 2023).

• Profit margin: 43% (down from 78% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CA$0.19 (down from CA$0.20 in 2Q 2023).

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

Timbercreek Financial Earnings Insights

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Timbercreek Financial (2 are concerning!) that you should be aware of before investing here.

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