Rivalry Third Quarter 2024 Earnings: Misses Expectations

Rivalry (CVE:RVLY) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$2.95m (down 66% from 3Q 2023).
• Net loss: CA$5.89m (loss widened by 4.4% from 3Q 2023).
• CA$0.09 loss per share.

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

Rivalry Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 63%. Earnings per share (EPS) also missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are down 14% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for Rivalry you should be aware of, and 3 of them shouldn't be ignored.

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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.