DATA Communications Management Third Quarter 2024 Earnings: Misses Expectations

DATA Communications Management (TSE:DCM) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$108.7m (down 11% from 3Q 2023).
• Net loss: CA$2.67m (loss narrowed by 36% from 3Q 2023).
• CA$0.05 loss per share (improved from CA$0.076 loss in 3Q 2023).

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

DATA Communications Management Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are down 36% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for DATA Communications Management you should be aware of.

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.