Chorus Aviation Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Chorus Aviation (TSE:CHR) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$342.0m (down 24% from 3Q 2023).
• Net income: CA$21.2m (up 171% from 3Q 2023).
• Profit margin: 6.2% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CA$0.10 (up from CA$0.04 in 3Q 2023).

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

Chorus Aviation EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 6.9%.

Performance of the market in Canada.

The company's shares are up 3.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Chorus Aviation that you should be aware of.

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