Currency Exchange International First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Currency Exchange International (TSE:CXI) First Quarter 2023 Results

Key Financial Results

• Revenue: US$16.5m (up 32% from 1Q 2022).
• Net income: US$1.59m (up 5.6% from 1Q 2022).
• Profit margin: 9.7% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.25 (up from US$0.23 in 1Q 2022).

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

Currency Exchange International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Consumer Finance industry in Canada.

Performance of the Canadian Consumer Finance industry.

The company's shares are down 5.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Currency Exchange International's balance sheet health.

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