Alaris Equity Partners Income Trust First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Alaris Equity Partners Income Trust (TSE:AD.UN) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$30.3m (down 19% from 1Q 2023).
• Net income: CA$73.8m (up by CA$68.2m from 1Q 2023).
• EPS: CA$1.62 (up from CA$0.12 in 1Q 2023).

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

Alaris Equity Partners Income Trust EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Canada are expected to grow by 9.0%.

Performance of the Canadian Capital Markets industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Alaris Equity Partners Income Trust has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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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.