Overview
Canada non-bank mortgage lender's Q1 revenue fell 9.7% yr/yr
Q1 basic and diluted EPS was unchanged at C$0.25
Company opened new Alberta office to expand into Prairie markets
Outlook
Company expects new loan originations in Prairie markets to increase geographic diversification in 2026
Result Drivers
PORTFOLIO SHRINKAGE - Revenue decline driven by lower mortgage portfolio as repayments and transfers exceeded new advances and allowance for mortgage losses increased
DISCIPLINED UNDERWRITING - Co said stable EPS reflects continued discipline in underwriting and portfolio management despite a challenging lending environment
Company press release: ID:nNFC3zt48w
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$19.84 mln
Q1 EPS
C$0.25
C$0.26 (2 Analysts)
Q1 Basic EPS
C$0.25
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for Atrium Mortgage Investment Corp is C$13.12, about 7.4% above its May 6 closing price of C$12.22
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
