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Emerge Commerce Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Emerge Commerce (CVE:ECOM) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CA$12.1m (up 100% from 3Q 2021).

  • Net income: CA$1.77m (up from CA$1.10m loss in 3Q 2021).

  • Profit margin: 15% (up from net loss in 3Q 2021).

  • EPS: CA$0.017 (up from CA$0.011 loss in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

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

Emerge Commerce EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Online Retail industry in Canada.

Performance of the Canadian Online Retail industry.

The company's shares are up 10.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Emerge Commerce (2 make us uncomfortable) you should be aware of.

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.

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