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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Yellow Pages Limited    Y   CA9855721069

YELLOW PAGES LIMITED

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Yellow Pages : third-quarter profits plunge 35 per cent as revenues take a hit

11/12/2020 | 01:56pm EST

MONTREALYellow Pages Ltd. missed expectations as its net profit plunged in the third quarter on an 18 per cent drop in revenues.

The Montreal-based digital media and marketing company says its net income decreased nearly 35 per cent to $9 million from $13.8 million a year earlier.

That translated into earnings for the three months ended Sept. 30 of 34 cents per diluted share, down from 49 cents per share in the third quarter of 2019.

Revenues fell to $80.3 million from $98.1 million in the prior year's quarter on a decline in higher market YP digital and media products and reduced spending by customers due to the COVID-19 pandemic.

Yellow Pages was expected to earn 52 cents per share on $82 million of revenues, according to financial markets data firm Refinitiv.

Despite the shortfalls, CEO David Eckert says he's pleased with the results and how "our company continues to cope with the COVID-19 pandemic and build for the future."

The company says the coronavirus has had a modest effect on revenues.

"All of our operations have continued unabated since the COVID-19 crisis began. And the effect of the crisis on our revenues in the third quarter was again only a handful of percentage points."

He added that bookings trends indicate only modest additional impact on revenues over the next couple of quarters.

This report by The Canadian Press was first published Nov. 12, 2020.

Companies in this story: (TSX:Y)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 335 M 263 M 263 M
Net income 2020 - - -
Net Debt 2020 19,5 M 15,3 M 15,3 M
P/E ratio 2020 -
Yield 2020 2,69%
Capitalization 341 M 268 M 268 M
EV / Sales 2020 1,08x
EV / Sales 2021 1,22x
Nbr of Employees 698
Free-Float 100,0%
Chart YELLOW PAGES LIMITED
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Yellow Pages Limited Technical Analysis Chart | Y | CA9855721069 | MarketScreener
Technical analysis trends YELLOW PAGES LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 12,33 CAD
Last Close Price 12,25 CAD
Spread / Highest target 6,12%
Spread / Average Target 0,68%
Spread / Lowest Target -10,2%
Managers and Directors
NameTitle
David Alan Eckert President, Chief Executive Officer & Director
Susan Kudzman Chairman
Franco Sciannamblo Chief Financial Officer & Senior Vice President
Craig I. Forman Independent Non-Executive Director
Kalpana Raina Independent Non-Executive Director
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