TSX:POWInsurance
Power Corporation Of Canada (TSX:POW) Stock Faces Premium Valuation After Record Adjusted EPS
Power Corporation of Canada stock has climbed steadily into this earnings print, with the share price up about 26% over the past three months and closing at CA$95.80 just after the release. That rise now meets a sentiment test. The company delivered record adjusted earnings per share of CA$1.55 in the quarter and adjusted net earnings of CA$974 million, while the trailing P/E multiple sits around 22.8x, above both peers and the broader insurance group.
The question for investors is whether...