Westshore Terminals Investment (TSE:WTE) 2024 Q1 Financial Results
Main financial results
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Revenue: CAD 84.8 million (-12% compared to Q1 2023).
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Net income: CAD 15.2 million (down 54% from Q1 2023).
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Margin: 18% (down from 34% in Q1 2023). The decrease in profit margin was primarily due to a decrease in revenue.
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EPS: CAD 0.24 (down from CAD 0.53 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
West Shore Terminal investment returns and profits fall below expectations
Sales were 3.6% lower than analysts expected. Earnings per share (EPS) also fell 44% below analyst expectations.
Looking ahead, revenues are expected to decline by an average of 7.3% per year over the next three years, while the Global Infrastructure industry’s revenues are expected to grow by 7.2%.
market performance Canada.
The company’s stock price is almost unchanged from a week ago.
risk analysis
I should say we discovered 2 warning signs for Westshore Terminals investment. (1 makes me a little uncomfortable!) You should be careful before investing here.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
