Currency Exchange International First Quarter 2024 Earnings: Misses Expectations

Currency Exchange International (TSE:CXI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$18.1m (up 9.9% from 1Q 2023).
• Net income: US$849.9k (down 47% from 1Q 2023).
• Profit margin: 4.7% (down from 9.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.13 (down from US$0.25 in 1Q 2023).

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

Currency Exchange International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.

Performance of the market in Canada.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Currency Exchange International you should know about.

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