Yahoo Finance Guardian Capital Group Reports First Quarter 2024 Earnings
Guardian Capital Group (TSE:GCG.A) First Quarter 2024 Results
Key Financial Results
Revenue: CA$62.5m (up 15% from 1Q 2023).
Net income: CA$21.2m (up from CA$66.1m loss in 1Q 2023).
Profit margin: 34% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guardian Capital Group Earnings Insights
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Guardian Capital Group (1 can't be ignored!) that you should be aware of.
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