D2L Third Quarter 2024 Earnings: EPS Beats Expectations

D2L (TSE:DTOL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$46.1m (up 8.1% from 3Q 2023).
• Net loss: US$387.6k (loss narrowed by 85% from 3Q 2023).
• US$0.007 loss per share (improved from US$0.05 loss in 3Q 2023).

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

D2L EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Consumer Services industry in North America.

Performance of the market in Canada.

The company's shares are up 24% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on D2L's balance sheet health.

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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.