Hammond Power Solutions Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 31, 2024

Hammond Power Solutions (TSE:HPS.A) Third Quarter 2024 Results

Key Financial Results

Revenue: CA$192.0m (up 6.9% from 3Q 2023).
Net income: CA$16.3m (up 13% from 3Q 2023).
Profit margin: 8.5% (up from 8.0% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$1.37 (up from CA$1.21 in 3Q 2023).

earnings-and-revenue-growth — TSX:HPS.A Earnings and Revenue Growth October 31st 2024

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

Hammond Power Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in Canada.

Performance of the Canadian Electrical industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hammond Power Solutions has 1 warning sign we think you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Hammond Power Solutions might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.