Fiera Capital (TSE:FSZ) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$171.7m (up 8.2% from 3Q 2023).

• Net income: CA$12.6m (up 14% from 3Q 2023).

• Profit margin: 7.4% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: CA$0.12 (up from CA$0.10 in 3Q 2023).

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

Fiera Capital Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's shares are up 11% from a week ago.

Valuation

Our analysis of Fiera Capital based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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