Charge Enterprises Inc (CRGEQ)

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$CRGE Charge Enterprises 3Q 2022 Earnings: Beats Expectations

Charge Enterprises (NASDAQ:CRGE) Third Quarter 2022 Results
Key Financial Results

* Revenue: US$185.9m (up 59% from 3Q 2021).

* Net income: US$14.1m (up from US$25.2m loss in 3Q 2021).

* Profit margin: 7.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.

* EPS: US$0.068 (up from US$0.17 loss in 3Q 2021).



All figures shown in the chart above are for the trailing 12 month (TTM) period
Charge Enterprises Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 37% from a week ago.
Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Charge Enterprises that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.