Propel Holdings (TSE:PRL) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$117.2m (up 41% from 3Q 2023).
- Net income: US$10.5m (up 71% from 3Q 2023).
- Profit margin: 9.0% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.31 (up from US$0.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Propel Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.
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 1.1% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Propel Holdings that you need to take into consideration.
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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article 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.
About TSX:PRL
Exceptional growth potential and good value.
