Canada's Evertz Technologies Q4 revenue slightly beats estimates on software, services growth

Evertz Technologies

24/06/2026 21:27

Overview
Canada video infrastructure firm's fiscal Q4 revenue rose 3% yr/yr, slightly beating analyst expectations
Adjusted EPS for fiscal Q4 rose 18% yr/yr to C$0.20
Company saw 17% yr/yr growth in recurring software and services revenue for the quarter

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
RECURRING REVENUE - Co said recurring software, services and other software revenue grew 17% yr/yr in Q4
INTERNATIONAL SALES - International revenue rose C$16.1 mln yr/yr in Q4
GROSS MARGIN DECLINE - Gross margin fell to C$78.1 mln and margin percentage dropped to 59.3% from 61.7% yr/yr

Company press release: ID:nNFC4x19kR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
C$131.56 mln
C$130.76 mln (3 Analysts)
Q4 EPS
 
C$0.20
 
Q4 Net Income
 
C$15.24 mln
 
*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$17.50, about 7.8% above its June 23 closing price of C$16.24
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 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.)