Stock Analysis
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- Consumer Finance
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- TSX:PRL
Propel Holdings Second Quarter 2024 Earnings: Beats Expectations
Propel Holdings (TSE:PRL) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$53.5m (down 25% from 2Q 2023).
- Net income: US$11.1m (up 95% from 2Q 2023).
- Profit margin: 21% (up from 8.0% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.32 (up from US$0.17 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Propel Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.
Performance of the market in Canada.
The company's shares are down 3.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Propel Holdings (2 are significant!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:PRL
Propel Holdings
Operates as a financial technology company.