Stock Analysis
Chemtrade Logistics Income Fund Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Chemtrade Logistics Income Fund (TSE:CHE.UN) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$448.1m (down 4.7% from 2Q 2023).
- Net income: CA$14.6m (down 83% from 2Q 2023).
- Profit margin: 3.3% (down from 19% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CA$0.12 (down from CA$0.75 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chemtrade Logistics Income Fund Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada.
Performance of the Canadian Chemicals industry.
The company's shares are up 8.4% from a week ago.
Valuation
Our analysis of Chemtrade Logistics Income Fund based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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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:CHE.UN
Chemtrade Logistics Income Fund
Offers industrial chemicals and services in Canada, the United States, and South America.