KFS Earnings Prediction
The chart below shows how KFS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KFS sees a +1.40% change in stock price 10 days leading up to the earnings, and a -6.57% change 10 days following the report. On the earnings day itself, the stock moves by -1.25%. This data can give you a slight idea of what to expect for the next quarter's release.
KFS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.35M
9.46%
5.57%
Gross Margin
--
--
--
Operating Margin
-4.30%
44.78%
4.88%
Net Margin
-8.58%
149.42%
-12.45%
EPS
-0.10
-150.00%
11.11%
No Data Available
KFS Earnings Analysis
Kingsway Financial Services, Inc. Corporation (KFS.N) Earnings Conference Call
Positive
Revenue Increase Overview: Consolidated revenue was $27.1 million, a solid increase of nearly 10% compared to the prior year quarter.
EBITDA Improvement Report: Our consolidated adjusted EBITDA was $2.9 million, a 28% improvement over the $2.3 million in the year ago quarter.
Acquisition Milestone Achieved: The third quarter was highlighted by our acquisition of Image Solutions at the end of September, marking our sixth acquisition in our accelerator portfolio.
IT Managed Services Overview: Image Solutions is one of the largest IT managed service providers in Western North Carolina with approximately 85% contractually recurring revenue with low churn, strong margins and impressive historical organic growth.
Adjusted EBITDA Growth: For the Extended Warranty segment and the KSX segment, combined adjusted EBITDA was $3.4 million in the third quarter, an increase of 5% compared to $3.2 million in the third quarter of last year.
Negative
Revenue Increase of 10%: Consolidated revenue was $27.1 million, a solid increase of nearly 10% compared to the prior year quarter.
EBITDA Improvement: Our consolidated adjusted EBITDA was $2.9 million, a 28% improvement over the $2.3 million in the year ago quarter.
Claims Expense Increase: Claims expense rose by 7.5% over the third quarter of last year which is lower than the 12% increase that we experienced in the year ago period.
Claims Expense Increase: Year-to-date claims expense is up 7.3% over prior year, compared to an 11% increase in the year ago period.
Adjusted EBITDA Stability: Adjusted EBITDA of $2.1 million was essentially flat to prior year as an increase in claims offset gains from increased revenue and ongoing cost savings initiatives.
KFS FAQs
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KFS Earning Call Sentiment
Kingsway Financial Services Inc. (KFS) Q3 2024 Earnings Call Transcript
KFS.N
-1.36%Positive
The earnings call presented mixed signals. Financial performance showed solid revenue growth and improved EBITDA, but debt levels increased significantly, raising concerns. The share repurchase program is a positive sign. However, management's reluctance to provide guidance on Hurricane Helene's impact and the slight decline in DDI's EBITDA due to upfront costs could cause investor uncertainty. The Q&A highlighted a focus on acquisitions and talent recruitment, but macroeconomic uncertainties loom. Overall, these factors suggest a neutral sentiment, with potential for slight volatility.