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LMN — Lumine News Story

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FinancialsAdventurousLarge CapFalling Star

Canada's Lumine Group Q4 revenue up 16%, beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$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.)

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