Broadcast equipment maker Evertz Q1 revenue rises slightly
Overview
Evertz Technologies Ltd fiscal Q1 2026 revenue rises slightly
Net earnings for fiscal Q1 rise 22% to $11.9 mln
Gross margin improves to 61.4% from 59.4% in prior year
Result Drivers
US AND CANADA REVENUE - Revenue from the US and Canada increased by 7%, contributing significantly to overall revenue growth
SOFTWARE AND SERVICES - Software and services accounted for 46% of total revenue, indicating strong performance in this segment
GROSS MARGIN IMPROVEMENT - Gross margin improved to 61.4% from 59.4% in the prior year, contributing to higher earnings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | C$51.60 mln | C$118.10 mln (2 Analysts) |
Q1 EPS |
| C$0.15 |
|
Q1 Net Income |
| C$11.90 mln |
|
Q1 Gross Margin |
| 61.4% |
|
Q1 Income from operations |
| C$15 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Evertz Technologies Ltd is C$14.00, about 14.1% above its September 9 closing price of C$12.03
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nNFC35Z64R
Recommended Articles
