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Exchange Income First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Exchange Income (TSE:EIF) First Quarter 2023 Results

Key Financial Results

  • Revenue: CA$526.8m (up 32% from 1Q 2022).

  • Net income: CA$6.86m (up 83% from 1Q 2022).

  • Profit margin: 1.3% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue.

  • EPS: CA$0.16 (up from CA$0.097 in 1Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Exchange Income Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Airlines industry in North America.

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Performance of the market in Canada.

The company's shares are up 2.4% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Exchange Income (1 is concerning!) 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.

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