Park Lawn First Quarter 2024 Earnings: EPS Misses Expectations

Park Lawn (TSE:PLC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$76.4m (down 11% from 1Q 2023).
• Net income: US$5.25m (up 15% from 1Q 2023).
• Profit margin: 6.9% (up from 5.3% in 1Q 2023).
• EPS: US$0.15 (up from US$0.13 in 1Q 2023).

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

Park Lawn EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Consumer Services industry in North America.

Performance of the market in Canada.

The company's shares are up 3.7% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Park Lawn could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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.