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Netherlands' Topicus Q3 revenue beats estimates on acquisitions

By Reuters News


Overview

  • Netherlands vertical market software firm's Q3 revenue rose 15%, beating analyst expectations

  • Net income rebounded to €46.5 mln from a loss a year earlier

  • Company completed acquisitions totaling €64 mln during the quarter


Outlook

  • Company did not provide specific financial guidance for upcoming quarters or full year in its press release


Result Drivers

  • ACQUISITIONS - Co said revenue growth was primarily driven by acquisitions completed during the quarter

  • ORGANIC GROWTH - Co reported 5% organic revenue growth for the quarter


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

EUR 445.1 mln

EUR 436.43 mln (3 Analysts)

Q3 Net Income

EUR 46.5 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Topicus.com Inc. is C$145.00, about 49.5% above its November 3 closing price of C$97.00

  • The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago


Reuters Recommended Reads

  • Nov 4 - Canada's Lumine Group Q3 revenue jumps 55% on acquisitions, organic growth

  • Nov 3 - Zalando Q3 revenue slightly beats estimates on B2B expansion

  • Nov 3 - Varonis Q3 revenue rises 17%, beats analyst expectations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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