CRGO Earnings Prediction
The chart below shows how CRGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CRGO sees a +1.75% change in stock price 10 days leading up to the earnings, and a -7.22% change 10 days following the report. On the earnings day itself, the stock moves by -1.80%. This data can give you a slight idea of what to expect for the next quarter's release.
CRGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.59M
25.28%
6.50%
Gross Margin
67.60%
8.63%
3.94%
Operating Margin
-122.01%
38.21%
55.21%
Net Margin
-149.34%
136.86%
239.10%
EPS
-0.20
-185.71%
233.33%
No Data Available
CRGO Earnings Analysis
Freightos Ltd Corporation (CRGO.O) Earnings Conference Call
Positive
Strong Revenue Performance: Revenue growth of 25% year on year in Q4 exceeded expectations, indicating strong business performance.
Quarterly Transaction Growth: Facilitated over 350,000 transactions in Q4, a 22% increase from last year, marking five consecutive years of quarterly transaction record growth.
Record Carrier Onboarding: Onboarded twelve new carriers in Q4, the strongest onboarding in company history, bringing the total to 67 carriers.
Air Cargo Market Demand Growth: The air cargo market experienced robust demand with Q4 volumes up 10% compared to the previous year, reflecting positive market conditions.
Negative
Earnings Missed Expectations: Freightos Limited Ordinary shares missed earnings expectations with a reported EPS of $-0.2, while expectations were $-0.09, indicating a significant shortfall in profitability.
Desire for Accelerated Growth: Despite a 25% year-on-year revenue growth, the company expressed a desire to grow even faster, suggesting that current growth rates may not be sufficient to meet long-term goals.
Financial Leadership Uncertainty: The company is in a transitional phase with an interim CFO, which may indicate instability or uncertainty in financial leadership during this period.
Transaction Growth Analysis: While the company facilitated over 350,000 transactions, the growth in transactions was only 22%, which may suggest a slowing momentum compared to revenue growth.
Market Education for Growth: The CEO mentioned the need for market education to reach an inflection point in digital transformation, indicating that current market conditions may not be fully conducive to rapid growth.
CRGO FAQs
How does CRGO typically perform around its earnings report dates?
Is Freightos Ltd (CRGO) Q4 2024 Earnings Call Summary positive or negative?
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CRGO Earning Call Sentiment
Freightos Limited Ordinary shares (NASDAQ:CRGO) Q4 2024 Earnings Call Transcript
CRGO.O
-2.9%Positive
Despite strong revenue growth and increased transaction volume, the EPS miss and lack of a share buyback program are concerning. The guidance is optimistic, but competitive pressures and regulatory risks persist. The Q&A section reveals uncertainty about digital adoption timelines and tariff impacts. These mixed signals suggest a neutral stock price movement over the next two weeks.
