Stock Analysis
Stantec (TSE:STN) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$1.37b (up 12% from 1Q 2023).
- Net income: CA$79.4m (up 22% from 1Q 2023).
- Profit margin: 5.8% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: CA$0.70 (up from CA$0.58 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stantec EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Construction industry in Canada.
Performance of the Canadian Construction industry.
The company's shares are down 1.8% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Stantec you should be aware of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About TSX:STN
Stantec
Provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally.
