Currency Exchange International (TSE:CXI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$18.1m (up 9.9% from 1Q 2023).
- Net income: US$849.9k (down 47% from 1Q 2023).
- Profit margin: 4.7% (down from 9.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.13 (down from US$0.25 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Currency Exchange International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.
Performance of the market in Canada.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 1 warning sign for Currency Exchange International you should know about.
Valuation is complex, but we’re helping make it simple.
Find out whether Currency Exchange International is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
