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Timbercreek Financial First Quarter 2024 Earnings: Misses Expectations
Timbercreek Financial (TSE:TF) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$21.2m (down 6.5% from 1Q 2023).
- Net income: CA$14.4m (down 21% from 1Q 2023).
- Profit margin: 68% (down from 80% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CA$0.17 (down from CA$0.22 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Timbercreek Financial Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 14% 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 share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Timbercreek Financial (2 shouldn't be ignored!) that you should be aware of before investing here.
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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:TF
Timbercreek Financial
Provides shorter-duration structured financing solutions to commercial real estate investors in Canada.
Mediocre balance sheet second-rate dividend payer.