CPI Card Group (NASDAQ:PMTS) Second Quarter 2024 Results
Key financial results
- Revenue: $118.8 million (up 3.4% from Q2 2023).
- Net income: $6.00 million (8.0% lower than Q2 2023).
- Profit margin: 5.1% (compared to 5.7% in Q2 2023). The margin decline is due to higher expenses.
- Earnings per share: $0.54 (compared to $0.57 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
CPI Card Group sales exceed expectations, earnings per share fall short of expectations
Sales exceeded analysts’ estimates by 6.4%. Earnings per share (EPS) missed analysts’ estimates by 12%.
Average sales growth of 7.2% per annum is expected for the next two years. In the US technology sector, however, growth of 7.1% is forecast.
Performance of American tech industry.
The company’s share price fell 17% compared to the previous week.
Risk analysis
Find out about the 4 warning signs We have found CPI Card Group (including 1 that we are not so happy with).
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