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Canaccord Genuity (TSE:CF)
:CF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.24Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -8.29%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted substantial revenue growth, strong performance in wealth management, and strategic acquisitions that bolster future prospects. However, challenges such as elevated non-compensation expenses and ongoing regulatory issues in the U.S. were noted. Despite these challenges, the overall sentiment is positive due to the significant achievements and growth trajectories in core business areas.Company Guidance
During the Canaccord Genuity Group Inc. Q2 2025 earnings call, the company provided optimistic guidance based on several key metrics. Firm-wide revenues reached $128 million, marking a 27% year-over-year increase, supported by a 16% and 40% rise in Wealth Management and Capital Markets revenues, respectively. The firm reported a fiscal year-to-date revenue of $857 million, up 26% from the previous year. Excluding significant items, the company achieved a firm-wide pretax net income of $42 million for the quarter, reflecting a 156% increase year-over-year, with adjusted diluted earnings per share rising to $0.20. The Wealth Management division contributed significantly, with revenue of $217 million for the quarter and $432 million year-to-date, achieving record levels. The Capital Markets division also showed robust growth, with a 40% year-over-year increase in revenue to $202 million, driven by a 67% rise in corporate financing and a 70% increase in advisory revenues. Additionally, the firm maintained a healthy compensation ratio of 58.6% and declared a common share dividend of $0.085 per share. Looking forward, the company is poised for continued growth, supported by a strong M&A pipeline, strategic acquisitions, and favorable market conditions, including a potentially more normalized interest rate environment.Significant Revenue Increase
Firm-wide revenues of $128 million for the quarter increased 27% year-over-year, with fiscal year-to-date revenue of $857 million, up 26% compared to last year.
Record Wealth Management Performance
Global Wealth Management division earned $217 million for the 3-month period and $432 million for the 6-month period, marking year-over-year increases of 16% and 14%, respectively. This was the strongest quarterly result in 3 years.
Capital Markets Growth
Capital Markets division generated revenue of $202 million for the quarter, an increase of 40% year-over-year, driven by higher corporate financing and advisory revenues.
New High in Client Assets
Firm-wide client assets reached a new high of $110 billion, with all wealth businesses setting new records for assets under administration and management.
Strategic Acquisitions
Completed acquisition of Cantab Asset Management and agreement to acquire Brooks MacDonald Asset Management International Limited, expanding capabilities in the U.K. and Channel Islands.
Improved Pretax Net Income
Firm-wide pretax net income of $42 million for the quarter and $77 million fiscal year-to-date, with adjusted diluted EPS of $0.20 for the quarter.
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TSE:CF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$10.35 | C$9.62 | -7.01% |
| Aug 08, 2024 | C$8.62 | C$7.57 | -12.19% |
| Jun 05, 2024 | C$9.04 | C$8.25 | -8.71% |
| Feb 08, 2024 | C$6.93 | C$7.24 | +4.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canaccord Genuity (TSE:CF) report earnings?
Canaccord Genuity (TSE:CF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Canaccord Genuity (TSE:CF) earnings time?
Canaccord Genuity (TSE:CF) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CF EPS forecast?
TSE:CF EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.
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