AGF Management Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

AGF Management (TSE:AGF.B) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$137.7m (up 17% from 3Q 2023).
• Net income: CA$20.3m (down 12% from 3Q 2023).
• Profit margin: 15% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CA$0.31 (down from CA$0.35 in 3Q 2023).

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

AGF Management Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 26% growth forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with AGF Management (including 1 which doesn't sit too well with us).

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