Yahoo Finance Softchoice First Quarter 2024 Earnings: Misses Expectations
Softchoice (TSE:SFTC) First Quarter 2024 Results
Key Financial Results
Revenue: US$169.8m (down 19% from 1Q 2023).
Net loss: US$1.03m (down by 123% from US$4.54m profit in 1Q 2023).
US$0.02 loss per share (down from US$0.078 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Softchoice Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 16%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in North America.
Performance of the market in Canada.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Softchoice you should be aware of, and 1 of them is a bit concerning.
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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.
