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OLY Olympia Financial News Story

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Olympia Q3 revenue falls, net income down

Overview

Olympia Q3 revenue falls 6% yr/yr, with net income down 26%

Basic EPS for Q3 decreases 26% to C$1.93 per share

Service revenue rises 5% due to increased fees in IAS division

Outlook

Olympia Financial Group did not provide specific guidance for future quarters or the full year

Result Drivers

SERVICE REVENUE - Increase attributed to higher monthly and transaction fees from account growth in IAS division

INTEREST INCOME DECLINE - Decrease in trust, interest, and other income due to lower interest rates on trust fund placements

EXPENSES INCREASE - Rise in expenses driven by higher computer support and maintenance costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueC$23.80 mln
Q3 Net IncomeC$4.63 mln
Q3 Basic EPSC$1.93
Q3 Service RevenueC$12.11 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the corporate financial services peer group is "buy" Wall Street's median 12-month price target for Olympia Financial Group Inc is C$177.66, about 31.1% above its November 12 closing price of C$122.38 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago Press Release: ID:nNFC6sjXwH For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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