ECN Capital (TSE:ECN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$43.0m (up 130% from 2Q 2023).

• Net income: US$5.61m (up from US$30.0m loss in 2Q 2023).

• Profit margin: 13% (up from net loss in 2Q 2023).

• EPS: US$0.02 (up from US$0.12 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ECN Capital Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with ECN Capital (including 2 which are significant).

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