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.

Risk Analysis

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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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.