Timbercreek Financial Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Timbercreek Financial (TSE:TF) Full Year 2024 Results

Key Financial Results

• Revenue: CA$72.5m (down 17% from FY 2023).
• Net income: CA$46.2m (down 31% from FY 2023).
• Profit margin: 64% (down from 76% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CA$0.56 (down from CA$0.80 in FY 2023).

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

Timbercreek Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Be aware that Timbercreek Financial is showing 2 warning signs in our investment analysis that you should know about...

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