Overview
Canada communications firm Q4 revenue rises 16%, beating analyst expectations
Net income for Q4 increased 69% yr/yr
Revenue growth driven by acquisitions and improved profitability
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
ACQUISITIONS - Revenue growth primarily driven by new acquisitions in current and preceding years
IMPROVED PROFITABILITY - Operating income increase of 29% attributed to improved profitability in existing businesses and contributions from acquisitions
NET INCOME BOOST - Net income increase due to improved profitability and absence of preferred and special securities expenses
Company press release: ID:nCNWgG29ha
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$216.30 mln
$198.30 mln (3 Analysts)
Q4 Net Income
$49.60 mln
Q4 Cash Flow from Operations
$71.40 mln
Q4 Free Cash Flow
$67.10 mln
Q4 Operating Income
$88.40 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$39.00, about 85.1% above its March 3 closing price of C$21.07
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 33 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.)