Stock Analysis

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

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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).
TSX:CXI Earnings and Revenue Growth March 17th 2023

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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