or
Remember me
Back
In Q4, CGY recorded both EPS and revenue beating analysts’ forecasts. EPS came in at $1.07 versus analysts’ estimates of $0.956. Revenue beat estimates of $170.54M, coming in at $175.95 and displaying a 9.6% year-over-year growth. This was a record quarter for CGY in terms of revenues, adjusted EBITDA, and gross margin. Management stated that CGY will come in at the midpoint of guidance for FY2023 which would display a year-over-year revenue growth of 15% and adjusted EBITDA growth of 32%. EPS growth is expected to be significant next year, above 32% while revenues are also expected to see solid growth at 14.5%. Despite being down year-to-date, we think that CGY has a very stable business and following the strong quarterly results it is already ticking back up. We view it as a HOLD. Unlock Premium - Try 5i Free
A daily snapshot of everything from market open to close.