Pollard Banknote (TSE:PBL) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$153.2m (up 19% from 3Q 2023).
- Net income: CA$18.2m (up 135% from 3Q 2023).
- Profit margin: 12% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CA$0.67 (up from CA$0.29 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pollard Banknote Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 74%.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in Canada.
Performance of the Canadian Hospitality industry.
The company's shares are up 9.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Pollard Banknote that you need to be mindful of.
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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.
About TSX:PBL
Pollard Banknote
Manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.
Undervalued with solid track record.
