TMX Group Full Year 2023 Earnings: EPS Misses Expectations

TMX Group (TSE:X) Full Year 2023 Results

Key Financial Results

• Revenue: CA$2.90b (up 56% from FY 2022).
• Net income: CA$356.0m (down 34% from FY 2022).
• Profit margin: 12% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CA$1.28 (down from CA$1.95 in FY 2022).

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

TMX Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%.

Looking ahead, revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Canada are expected to grow by 3.4%.

Performance of the Canadian Capital Markets industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for TMX Group that we have uncovered.

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