Evertz Technologies Second Quarter 2023 Earnings: Revenues Beat Expectations – Yahoo Finance
Revenue: CA$113.2m (up 5.6% from 2Q 2022).
Net income: CA$19.8m (up 17% from 2Q 2022).
Profit margin: 18% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 5.1%.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Communications industry in Canada.
Performance of the Canadian Communications industry.
The company’s shares are up 5.4% from a week ago.
We should say that we’ve discovered 2 warning signs for Evertz Technologies (1 is significant!) that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
Related Quotes
Stitch Fix ( NASDAQ:SFIX ) First Quarter 2023 Results Key Financial Results Revenue: US$455.6m (down 22% from 1Q 2022…
Casey's General Stores ( NASDAQ:CASY ) Second Quarter 2023 Results Key Financial Results Net income: US$137.6m (up 42…
And, they’re back. After a series of Covid-related stops and starts, Shanghai Disneyland has again reopened today, marking the Shanghai Disney Resort’s latest return to full operations. The reopening comes as parts of China had already begun easing Covid restrictions in recent days. Then on Wednesday, authorities issued a 10-point plan that marked a sudden […]
Snowflake ( NYSE:SNOW ) Third Quarter 2023 Results Key Financial Results Revenue: US$557.0m (up 67% from 3Q 2022). Net…
Is it time to bet on a turnaround?
At age 51, Anne Schieber was broke and disillusioned. She had worked for the IRS for 23 years and was regarded as one of the agency’s top auditors. But she never got promoted and never earned more than $3,150 in a year. With half her life already behind her, her retirement prospects looked bleak. But Schieber had learned a powerful secret from years of studying the tax returns of America’s richest residents. Over the next 50 years, it earned her a 449,000% return — making Schieber one of the mos
Wake up and smell the diesel.
Yahoo Finance Live's Seana Smith breaks down the stocks trending in the after-hours trading session.
What to watch in markets on Friday, December 9, 2022.
In this article, we will discuss the 14 Best Marijuana Stocks To Buy Now. You can skip our detailed industry analysis and go directly to the 5 Best Marijuana Stocks To Buy Now. The cannabis industry is expected to undergo rapid changes in the coming years. One reason is the increasing awareness of the health benefits […]
Buy and hold forever? Not always.
Granted, some of the highest-quality stocks have lofty share prices. You can invest in one of the best renewable energy companies around in one of two ways — buy shares of Brookfield Renewable Partners (NYSE: BEP) or buy shares of Brookfield Renewable Corporation (NYSE: BEPC). One big plus for Brookfield Renewable Partners is its distribution.
A looming recession isn't stopping the world's most successful investors from buying their favorite stocks.
Short-term headwinds cratered its stock, but there is evidence to suggest this search leader will bounce back.
"Hyperscale spending continues strong, enterprise consumption continues strong and broadband deployment across North America, Europe and even parts of Asia continues their multiyear trend of growth," said CEO Hock Tan.
Novavax (NVAX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Sam Bankman-Fried's ambition for celebrity endorsements might have snared the "Anti-Hero" singer, but she proved to be smarter than a lot of other famous people.
Yahoo Finance's Jared Blikre highlights which stocks are making moves at the end of the trading session on Thursday.
The market rally ended a losing streak, but the S&P 500 is below key levels. Nvidia jumped, but 5 chip-gear makers are near buy points.
Carnival (NYSE: CCL) (NYSE: CUK) had a difficult time during the early days of the pandemic. Carnival faces the impact of higher interest rates on its variable-rate borrowings, which could lead to higher costs. Demand for cruising is back, and Carnival is progressing toward its earnings goals.