NFI Group Third Quarter 2024 Earnings: Misses Expectations

NFI Group (TSE:NFI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$711.3m (flat on 3Q 2023).
• Net loss: US$15.0m (loss narrowed by 62% from 3Q 2023).
• US$0.13 loss per share (improved from US$0.42 loss in 3Q 2023).

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

NFI Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Machinery industry in Canada.

Performance of the Canadian Machinery industry.

The company's shares are up 4.3% from a week ago.

Valuation

Following the latest earnings results, NFI Group may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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