Altus Group Third Quarter 2024 Earnings: Misses Expectations

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.

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