Enterprise Group Second Quarter 2024 Earnings: EPS: CA$0.001 (vs CA$0.011 loss in 2Q 2023)

Enterprise Group (TSE:E) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$7.71m (up 41% from 2Q 2023).
• Net income: CA$76.4k (up from CA$525.7k loss in 2Q 2023).
• Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: CA$0.001 (up from CA$0.011 loss in 2Q 2023).

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

Enterprise Group Earnings Insights

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Canada.

Performance of the Canadian Trade Distributors industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Be aware that Enterprise Group is showing 3 warning signs in our investment analysis and 1 of those is concerning...

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