Power Corporation of Canada Full Year 2022 Earnings: Revenues Miss Expectations
Power Corporation of Canada (TSE:POW) Full Year 2022 Results
Key Financial Results
- Revenue: CA$48.7b (down 30% from FY 2021).
- Net income: CA$1.84b (down 37% from FY 2021).
- Profit margin: 3.8% (down from 4.2% in FY 2021). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Power Corporation of Canada Revenues Disappoint
Revenue missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's shares are down 7.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Power Corporation of Canada's balance sheet and an in-depth analysis of the company's financial position.
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Power Corporation of Canada
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia.
Excellent balance sheet established dividend payer.