Exchange Income Third Quarter 2022 Earnings: Beats Expectations

Simply Wall St

November 12, 2022

Exchange Income (TSE:EIF) Third Quarter 2022 Results

Key Financial Results

Revenue: CA$586.8m (up 47% from 3Q 2021).
Net income: CA$48.9m (up 124% from 3Q 2021).
Profit margin: 8.3% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue.
EPS: CA$1.20 (up from CA$0.58 in 3Q 2021).

earnings-and-revenue-growth — TSX:EIF Earnings and Revenue Growth November 12th 2022

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

Exchange Income Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Airlines industry in North America.

Performance of the market in Canada.

The company's shares are up 6.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Exchange Income (1 can't be ignored) you should be aware of.

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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.