Canada's Lumine Group Q1 revenue misses estimates

Lumine

05/05/2026 21:17

Overview

Canada communications software acquirer Q1 revenue up 17% yr/yr, missed analyst expectations

Net income fell 9% yr/yr, mainly due to non-recurring acquisition costs

Company acquired Synchronoss Technologies for $309.3 mln in cash during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

ACQUISITIONS - Revenue growth was primarily driven by contributions from new acquisitions, including Synchronoss Technologies

ACQUISITION COSTS - Decreases in operating and net income were mainly due to non-recurring costs from acquisitions

WORKING CAPITAL AND TAXES - Declines in cash flow from operations and free cash flow were driven by changes in non-cash operating working capital and higher income taxes paid

Company press release: ID:nGNX6W2HzD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$208.3 mln
$213.53 mln (3 Analysts)
Q1 Net Income
$19 mln
Q1 Cash Flow from Operations
$19.8 mln
Q1 Free Cash Flow
$15.3 mln
Q1 Operating Income
$57.9 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Lumine Group Inc is C$40.50, about 93.1% above its May 4 closing price of C$20.97

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 24 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.)