ADENTRA Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

ADENTRA (TSE:ADEN) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$558.7m (down 15% from 3Q 2022).
• Net income: US$8.09m (down 73% from 3Q 2022).
• Profit margin: 1.4% (down from 4.5% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.36 (down from US$1.28 in 3Q 2022).

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

ADENTRA EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Canada are expected to remain flat.

Performance of the Canadian Trade Distributors industry.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for ADENTRA (1 makes us a bit uncomfortable) 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.