Westshore Terminals Investment First Quarter 2024 Earnings: Misses Expectations

Westshore Terminals Investment (TSE:WTE) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$84.8m (down 12% from 1Q 2023).

• Net income: CA$15.2m (down 54% from 1Q 2023).

• Profit margin: 18% (down from 34% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.

• EPS: CA$0.24 (down from CA$0.53 in 1Q 2023).

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

Westshore Terminals Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is expected to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Global Infrastructure industry are expected to grow by 7.2%.

Performance of the market in Canada.

The company’s share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we’ve discovered 2 warning signs for Westshore Terminals Investment (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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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.