CORREC Past Earnings Performance
Past criteria checks 2/6
CORREC has been growing earnings at an average annual rate of 26.4%, while the Professional Services industry saw earnings growing at 12.8% annually. Revenues have been declining at an average rate of 7.6% per year. CORREC's return on equity is 8%, and it has net margins of 2.2%.
Key information
26.4%
Earnings growth rate
26.3%
EPS growth rate
| Professional Services Industry Growth | 13.1% |
| Revenue growth rate | -7.6% |
| Return on equity | 8.0% |
| Net Margin | 2.2% |
| Last Earnings Update | 29 Feb 2024 |
Revenue & Expenses Breakdown
How CORREC makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Feb 24 | 3,938 | 88 | 3,308 | 0 |
| 30 Nov 23 | 3,711 | 155 | 3,217 | 0 |
| 31 Aug 23 | 3,733 | 257 | 3,152 | 0 |
| 31 May 23 | 3,834 | 306 | 3,203 | 0 |
| 28 Feb 23 | 4,118 | 201 | 3,582 | 0 |
| 30 Nov 22 | 4,364 | -39 | 3,952 | 0 |
| 31 Aug 22 | 4,493 | -296 | 4,386 | 0 |
| 31 May 22 | 4,700 | -446 | 4,761 | 0 |
| 28 Feb 22 | 4,824 | -371 | 4,835 | 0 |
| 30 Nov 21 | 4,924 | -326 | 5,035 | 0 |
| 31 Aug 21 | 4,938 | -55 | 5,180 | 0 |
| 31 May 21 | 4,610 | 126 | 5,280 | 0 |
| 28 Feb 21 | 4,047 | 108 | 5,273 | 0 |
| 30 Nov 20 | 4,105 | 250 | 5,181 | 0 |
| 31 Aug 20 | 4,137 | 3 | 5,080 | 0 |
| 31 May 20 | 4,410 | -139 | 4,973 | 0 |
| 29 Feb 20 | 4,776 | -182 | 4,944 | 0 |
Quality Earnings: 6578 has high quality earnings.
Growing Profit Margin: 6578's current net profit margins (2.2%) are lower than last year (4.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 6578 has become profitable over the past 5 years, growing earnings by 26.4% per year.
Accelerating Growth: 6578's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6578 had negative earnings growth (-56.2%) over the past year, making it difficult to compare to the Professional Services industry average (12.7%).
Return on Equity
High ROE: 6578's Return on Equity (8%) is considered low.