TSX:XCapital Markets
TMX Group (TSX:X) Stock Can Revenue Momentum Justify Its Premium Valuation
TMX Group stock came into this earnings print with a mixed scorecard. The shares closed at CA$51.24, up about 10% over the past month but down roughly 8% over the past quarter. The headline from the release is clear. TMX delivered solid top line progress in Q2 with revenue of CA$487.5m and a healthy trailing net profit margin of 32.6%, yet the quarterly basic earnings per share of CA$0.52 sits well below Q1.
That tension between a strong, profitable platform and a softer single quarter is...