Lumine Group Q2 revenue slightly misses estimates as acquisitions drive growth

Lumine

04/08/2026 21:42

Overview
Canada communications software firm's Q2 revenue rose 28%, slightly missing analyst expectations
Net income fell 35% on acquisition costs, higher amortization, financing, and tax expenses
Company completed two acquisitions post-quarter for $233.7 mln to expand media supply chain presence

Outlook
Company did not provide specific guidance for future periods

Result Drivers
ACQUISITIONS - Co said revenue growth was mainly attributable to contributions from new acquisitions
MODEST ORGANIC GROWTH - Co reported organic growth of 1% after adjusting for currency impacts
ACQUISITION COSTS AND AMORTIZATION - Co said net income decline was mainly due to non-recurring acquisition costs, higher amortization, financing, and tax expenses

Company press release: ID:nGNX8LYr4S

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$235.10 mln
$235.13 mln (3 Analysts)
Q2 Net Income
 
$15.40 mln
 
Q2 Cash Flow from Operations
 
$68.50 mln
 
Q2 Free Cash Flow
 
$60.40 mln
 
Q2 Operating Income
 
$75.30 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 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$37.50, about 54.7% above its July 31 closing price of C$24.24
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 3 - Canada's 5N Plus Q2 revenue beats estimates on Specialty Semiconductors and Performance Materials volumes
Aug 4 - FIS Q2 revenue rises 29% on acquisition boost
Aug 3 - New Zealand's Vista Group half-year revenue rises, lifts outlook

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.)