TSEKSI Receives Favorable Earnings Forecast
Equities Researchers at Cormark Issue Positive Report
Earnings Per Share Projections Revised Upwards
TSEKSI, a leading provider of software solutions, has announced that equities researchers at Cormark have revised their earnings per share (EPS) projections for the fiscal year 2024 (FY2024) upwards. The analysts now expect the company to report EPS of CA108 million, a 35% increase from the previous estimate of CA79.5 million in the first quarter (Q1) of 2023.
In addition to the EPS revision, Cormark also raised its estimates for TSEKSI's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The firm now anticipates the company to generate revenue of CA117 million in FY2024, a 45% increase from the CA81 million reported in Q2 of 2023. Adjusted EBITDA is expected to reach $0.6 million in the first quarter of 2024, up from $0.11 million in the same period a year earlier.
The positive report from Cormark is a testament to TSEKSI's strong financial performance and the market's confidence in the company's long-term growth prospects. Shareholders and potential investors alike will be closely monitoring the company's progress in the coming quarters as it aims to deliver on these revised projections.
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