ECN Capital Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

ECN Capital (TSE:ECN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$50.7m (up 103% from 3Q 2023).
• Net income: US$6.79m (up from US$5.95m loss in 3Q 2023).
• Profit margin: 13% (up from net loss in 3Q 2023).
• EPS: US$0.024 (up from US$0.024 loss in 3Q 2023).

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

ECN Capital Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company's shares are up 37% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on ECN Capital's balance sheet health.

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