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Power Corp Of Canada (TSE:POW)
:POW
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.31Last Year’s EPS
0.89Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -7.54%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in core operations with significant growth in key investments and successful asset monetization, despite some challenges in earnings and specific segments. The commitment to returning capital to shareholders through dividends and buybacks was emphasized, with optimistic future outlooks.Company Guidance
During the Q3 2024 earnings call for Power Corporation (POW.TO), executives Robert Orr and Jake Lawrence highlighted several key metrics and developments. The company reported adjusted net earnings of $542 million, down from $1 billion in the previous year, with adjusted net earnings per share at $0.84 compared to $1.52 last year. However, there was a noticeable 15% growth in net asset value (NAV), driven by strong performances from Great-West Life and IGM Financial, both reporting a 12% increase in earnings per share year-over-year. The NAV per share was $57.92 at the end of the quarter, with an additional 6% increase noted post quarter-end to $61.33. The Board declared a quarterly dividend of $0.5625 per share, consistent with the previous quarter. The company also continued its share buyback program, contributing approximately a $0.02 improvement in earnings per share. Significant developments included the sale of Peak, projected to yield a gain of nearly USD 200 million, and a 39% increase in the valuation of Sagard's general partner. Despite some reductions in NAV from Lumenpulse and Lion, the overall portfolio exhibited strong growth, with Wealthsimple's valuation notably increasing by 46%.Strong Earnings Growth
Great-West Life and IGM Financial each reported a 12% year-over-year growth in earnings per share, contributing to a 15% increase in net asset value (NAV) across the portfolio.
Increased Value of Investments
Significant increases in the value of Wealthsimple and Sagard, with Wealthsimple's valuation up by 46% and Sagard's general partner value increasing by 39%.
Sale of Peak
The sale of Peak represents a substantial step in monetizing stand-alone businesses, expected to generate a USD 200 million gain.
Dividend Declaration
The Board of Directors declared a quarterly dividend of $0.5625 per share, consistent with the previous quarter.
Positive Share Price Momentum
Share price momentum continued post quarter-end, with NAV per share increasing by an additional 6%.
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TSE:POW 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:POW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$46.29 | C$44.46 | -3.95% |
| Aug 08, 2024 | C$35.23 | C$35.78 | +1.56% |
| May 08, 2024 | C$37.91 | C$38.81 | +2.37% |
| Mar 20, 2024 | C$37.16 | C$37.68 | +1.40% |
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 Power Corp Of Canada (TSE:POW) report earnings?
Power Corp Of Canada (TSE:POW) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Power Corp Of Canada (TSE:POW) earnings time?
Power Corp Of Canada (TSE:POW) earnings time is at Mar 19, 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:POW EPS forecast?
TSE:POW EPS forecast for the fiscal quarter 2024 (Q4) is 1.31.
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