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Evertz Technologies Ltd T.ET

Alternate Symbol(s):  EVTZF

Evertz Technologies Limited is a Canada-based company. The Company designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high-definition television (HDTV and UHD) and next generation high bandwidth low latency Internet protocol (IP) network environments and by telecommunications and new-media companies. The Company’s products provide signal routing, distribution, monitoring and management of content, as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the Cloud. The Company also offers a complete end to end solution for scalable, flexible, and dynamically controlled media transport networks for video, audio and data signals.


TSX:ET - Post by User

Post by retiredcfon Dec 17, 2023 10:01am
229 Views
Post# 35788706

Another View of Earnings

Another View of EarningsEPS of $0.29 beat estimates of $0.233 and revenues of $130.75M beat estimates of $126.84M. The stock has jumped ~10% following the release. Sales grew by 15% from the prior-year quarter, and its international segment saw significant growth, with revenues climbing to $56.7M. It expanded its balance sheet and grew its cash balance to $55.9M, and generated positive free cash flow in the quarter. It continues to trade at a cheap valuation of 12.9X forward earnings and 2.0X forward sales. Several brokers upgraded the stock following this release, and it marks ET's third consecutive quarter of double-digit revenue growth. This was a good quarter for the company, and we like the recent positive momentum in earnings results. (5iResearch)
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