Canada's Evertz Q3 revenue slightly beats expectations

Evertz Technologies

04/03/2026 21:09

Overview

Canada SDVN tech firm's Q3 revenue slightly beat analyst expectations

Net earnings for Q3 declined compared to last year

Company declared a regular quarterly dividend of C$0.205 per share

Outlook

Evertz did not provide specific future guidance in the press release

Result Drivers

INTERNATIONAL SALES - Co's international revenue increased by 15%, contributing to record quarterly revenue

GROSS MARGIN IMPROVEMENT - Gross margin increased by 2.7%, reflecting improved operational efficiency

NET EARNINGS DECLINE - Net earnings decreased compared to last year

Company press release: ID:nNFC7btdGb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
C$139 mln
C$138.58 mln (3 Analysts)
Q3 EPS
C$0.24
Q3 Net Income
C$18.70 mln
Q3 Gross Margin
58.30%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Evertz Technologies Ltd is C$15.00, about 6.5% below its March 3 closing price of C$16.04

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 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.)