Altus Group (TSE:AIF) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$128.4m (down 31% from 3Q 2023).
- Net loss: CA$2.88m (down by 410% from CA$929.0k profit in 3Q 2023).
- CA$0.06 loss per share (down from CA$0.02 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Altus Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Canada are expected to grow by 5.8%.
Performance of the Canadian Real Estate industry.
The company's shares are up 7.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Altus Group you should be aware of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:AIF
Altus Group
Provides asset and funds intelligence solutions for commercial real estate (CRE).
Adequate balance sheet with moderate growth potential.
