AcuityAds Holdings Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.2022-11-12

AcuityAds Holdings (TSE:AT) Third Quarter 2022 Results

Key Financial Results
  • Revenue: CA$28.9m (up 5.3% from 3Q 2021).
  • Net income: CA$2.80m (down 17% from 3Q 2021).
  • Profit margin: 9.7% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses.
  • EPS: CA$0.05 (down from CA$0.055 in 3Q 2021).
TSX:AT Earnings and Revenue Growth November 12th 2022

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

AcuityAds Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Interactive Media and Services industry in Canada.

Performance of the Canadian Interactive Media and Services industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for AcuityAds Holdings (2 are significant) you should be aware of.

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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.

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