CECO Environmental Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.10-30

CECO Environmental (NASDAQ:CECO) Third Quarter 2024 Results Key Financial Results Revenue: US$135.5m (down 9.3% from 3Q 2023). Net income: US$2.09m (down 37% from 3Q 2023). Profit margin: 1.5% (down ...

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The decrease in margin was driven by lower revenue.NasdaqGS:CECO Earnings and Revenue Growth October 30th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 13%. Earnings per share  also missed analyst estimates by 61%.Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.The company's shares are down 14% from a week ago.You should always think about risks. Case in point, we've spotted   1 warning sign for CECO Environmental  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CECO":"Ceco环保"},"translate_title":"Ceco Environmental 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CECO":1},"content_text":"CECO Environmental (NASDAQ:CECO) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$135.5m (down 9.3% from 3Q 2023).\nNet income: US$2.09m (down 37% from 3Q 2023).\nProfit margin: 1.5% (down from 2.2% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$0.06 (down from US$0.096 in 3Q 2023).\n\n\n\n\n  NasdaqGS:CECO Earnings and Revenue Growth October 30th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCECO Environmental Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 61%. \n Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. \nPerformance of the American Commercial Services industry.\n The company's shares are down 14% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   1 warning sign for CECO Environmental  you should be aware of. \nHave 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. 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