Titanium Transportation Group Third Quarter 2023 Earnings: Misses Expectations

Titanium Transportation Group (TSE:TTNM) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$112.7m (flat on 3Q 2022).
• Net income: CA$1.87m (down 71% from 3Q 2022).
• Profit margin: 1.7% (down from 5.8% in 3Q 2022).
• EPS: CA$0.042 (down from CA$0.15 in 3Q 2022).

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

Titanium Transportation Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Logistics industry in North America.

Performance of the market in Canada.

The company's shares are down 4.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Titanium Transportation Group (at least 2 which are concerning), and understanding them should be part of your investment process.

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