Chorus Aviation Full Year 2022 Earnings: Beats Expectations

Chorus Aviation (TSE:CHR) Full Year 2022 Results

Key Financial Results

• Revenue: CA$1.60b (up 56% from FY 2021).
• Net income: CA$26.0m (up from CA$20.5m loss in FY 2021).
• Profit margin: 1.6% (up from net loss in FY 2021).
• EPS: CA$0.13 (up from CA$0.12 loss in FY 2021).

CHR Operational Performance

• Total aircraft: 340 (up by 131 from FY 2021).

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

Chorus Aviation Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Airlines industry in North America.

Performance of the market in Canada.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Chorus Aviation (1 makes us a bit uncomfortable!) that you should be aware of before investing 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.