Stock Analysis

Power Corporation of Canada Full Year 2022 Earnings: Revenues Miss Expectations

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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.
TSX:POW Earnings and Revenue Growth March 19th 2023

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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