Canadian Utilities Third Quarter 2024 Earnings: CA$0.03 loss per share (vs CA$0.39 profit in 3Q 2023)

Canadian Utilities (TSE:CU) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$810.0m (flat on 3Q 2023).
• Net income: CA$12.0m (down 89% from 3Q 2023).
• Profit margin: 1.5% (down from 13% in 3Q 2023).
• CA$0.03 loss per share (down from CA$0.39 profit in 3Q 2023).

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

Canadian Utilities Earnings Insights

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Integrated Utilities industry in North America.

Performance of the market in Canada.

The company's share price is broadly unchanged 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 Canadian Utilities (at least 2 which are a bit unpleasant), and understanding them should be part of your investment process.

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