TSX:ETrade Distributors
Evolution PowerX (TSX:E) Stock Carries Premium P E Despite Quarterly Loss
Evolution PowerX walked into this earnings release with a hot stock. The share price closed at CA$1.78 on 14 August, capping a strong multi month run that pushed trailing P/E to 37.7x against peers at 13.1x. That set expectations high and left little room for disappointment.
The headline from this quarter is simple. Profit slipped into a small loss on CA$8.83m of revenue while the last 12 months still show a 9.5% net margin and 51.8% earnings growth. The market now has to decide whether one...