Power Corporation of Canada Third Quarter 2024 Earnings: EPS: CA$0.58 (vs CA$1.52 in 3Q 2023)

Power Corporation of Canada (TSE:POW) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$8.78b (down 7.1% from 3Q 2023).
• Net income: CA$384.0m (down 62% from 3Q 2023).
• Profit margin: 4.4% (down from 11% in 3Q 2023).
• EPS: CA$0.58 (down from CA$1.52 in 3Q 2023).

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

Power Corporation of Canada Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in Canada.

Performance of the Canadian Insurance industry.

The company's shares are down 2.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the 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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