Transat A.T First Quarter 2023 Earnings: EPS Beats Expectations
Transat A.T (TSE:TRZ) First Quarter 2023 Results
Key Financial Results
- Revenue: CA$667.5m (up 230% from 1Q 2022).
- Net loss: CA$56.6m (loss narrowed by 51% from 1Q 2022).
- CA$1.49 loss per share (improved from CA$3.03 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Transat A.T EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Airlines industry in North America.
Performance of the market in Canada.
The company's shares are down 4.7% from a week ago.
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Transat A.T (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.
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Transat A.T. Inc. operates as an integrated international tourism company in the Americas and Europe.
Undervalued with imperfect balance sheet.