In This Article:
Lassonde Industries (TSE:LAS.A) Third Quarter 2024 Results
Key Financial Results
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Revenue: CA$668.3m (up 14% from 3Q 2023).
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Net income: CA$29.7m (up 22% from 3Q 2023).
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Profit margin: 4.4% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue.
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EPS: CA$4.35 (up from CA$3.56 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lassonde Industries EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Canada.
Performance of the Canadian Food industry.
The company's shares are up 8.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Lassonde Industries that you need to take into consideration.
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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.