AirBoss of America Second Quarter 2024 Earnings: Misses Expectations

AirBoss of America Second Quarter 2024 Earnings: Misses Expectations

AirBoss of America (TSE:BOS) Second Quarter 2024 ResultsKey Financial Results

Revenue: US$95.4m (down 16% from 2Q 2023).

Net loss: US$9.57m (loss widened by 266% from 2Q 2023).

US$0.35 loss per share (further deteriorated from US$0.096 loss in 2Q 2023).

earnings-and-revenue-history

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

AirBoss of America Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada.

Performance of the Canadian Chemicals industry.

The company’s shares are down 5.9% from a week ago.

Valuation

It’s possible that AirBoss of America could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. 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.

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.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66bdf845290e48e4b269c0ec051595cc&url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fairboss-america-second-quarter-2024-104438832.html&c=15806616336103651505&mkt=en-us

Author :

Publish date : 2024-08-14 23:44:00

Copyright for syndicated content belongs to the linked Source.

Exit mobile version