With A -14.63% Earnings Drop, Is CYCLIQ Group Limited's (ASX:CYQ) Performance A Concern?
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. Investors may find my commentary, albeit very high-level and brief, on CYCLIQ Group Limited (ASX:CYQ) useful as an attempt to give more color around how CYCLIQ Group is currently performing. Check out our latest analysis for CYCLIQ Group
Was CYQ's weak performance lately a part of a long-term decline?
I look at the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. This technique enables me to examine different stocks in a uniform manner using new information. For CYCLIQ Group, its most recent trailing-twelve-month earnings is -AU$4.31M, which compared to the previous year's level, has become more negative. Since these figures may be fairly short-term, I’ve computed an annualized five-year value for CYQ's net income, which stands at -AU$2.89M. This doesn't look much better, since earnings seem to have consistently been getting more and more negative over time.
What does this mean?
CYCLIQ Group's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story. With companies that are currently loss-making, it is always hard to forecast what will happen in the future and when. The most useful step is to examine company-specific issues CYCLIQ Group may be facing and whether management guidance has steadily been met in the past. You should continue to research CYCLIQ Group to get a more holistic view of the stock by looking at:
- 1. Financial Health: Is CYQ’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
- 2. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article 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.
About ASX:CYQ
Cycliq Group
Manufactures and sells HD bike cameras and safety lights in the Unites States, Australia, the United Kingdom, and internationally.
Excellent balance sheet and good value.
Market Insights
Community Narratives
