Martinrea International Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 15, 2024

Martinrea International (TSE:MRE) Third Quarter 2024 Results

Key Financial Results

Revenue: CA$1.24b (down 10% from 3Q 2023).
Net income: CA$14.2m (down 74% from 3Q 2023).
Profit margin: 1.1% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CA$0.19 (down from CA$0.68 in 3Q 2023).

earnings-and-revenue-growth — TSX:MRE Earnings and Revenue Growth November 15th 2024

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

Martinrea International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto Components industry in North America.

Performance of the market in Canada.

The company's shares are down 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Martinrea International you should be aware of.

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This article by Simply Wall St 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. Simply Wall St has no position in any stocks mentioned.