Overview

* Lumine Group ( LMGIF ) Q3 revenue grows 5% yr/yr, driven by acquisitions

* Net income for Q3 rises 36% yr/yr, reflecting improved profitability

* Cash flow from operations up 143% yr/yr, driven by lower non-cash working capital

Outlook

* Lumine Group ( LMGIF ) did not provide specific future guidance

Result Drivers

* ACQUISITIONS - Revenue growth attributed to new acquisitions

* IMPROVED PROFITABILITY - Net income increase driven by profitability from recent acquisitions

* LOWER WORKING CAPITAL - Cash flow from operations boosted by reduced non-cash working capital

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $186.70

Revenue mln

Q3 Net $24.80

Income mln

Q3 Cash $46.50

Flow mln

from

Operatio

ns

Q3 Free $42.50

Cash mln

Flow

Q3 $65.1

Operatin mln

g Income

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 investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Lumine Group Inc ( LMGIF ) is C$59.00, about 43.2% above its October 31 closing price of C$33.50

* The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 63 three months ago

Press Release:

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(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.)