Pason Systems (TSE:PSI) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$105.9m (up 14% from 3Q 2023).
- Net income: CA$24.2m (down 13% from 3Q 2023).
- Profit margin: 23% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: CA$0.30 (down from CA$0.35 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pason Systems Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Pason Systems (1 can't be ignored!) that you should be aware of.
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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:PSI
Pason Systems
Provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally.
Flawless balance sheet and undervalued.
