Yahoo Finance Stelco Holdings First Quarter 2024 Earnings: Misses Expectations
Stelco Holdings (TSE:STLC) First Quarter 2024 Results
Key Financial Results
Revenue: CA$746.0m (up 8.6% from 1Q 2023).
Net income: CA$63.0m (up from CA$11.0m loss in 1Q 2023).
Profit margin: 8.4% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.
EPS: CA$1.14 (up from CA$0.20 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stelco Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 5.2% from a week ago.
Valuation
Our analysis of Stelco Holdings based on 6 different valuation metrics shows it might be undervalued. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
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