Small caps to watch: Earnings from Precision Drilling, Winpak, Allied REIT and more
Several Canadian small-cap stocks, including Precision Drilling, Winpak, and Allied Properties REIT, reported first-quarter results that showed mixed or disappointing performance despite a strong overall run for the S&P/TSX Small Cap Index over the past year. Precision Drilling posted higher revenue but lower earnings and EBITDA, while Winpak missed revenue and earnings expectations due to weaker demand. Allied Properties REIT reported lower revenue and a wider net loss, though adjusted funds from operations exceeded expectations.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountA look at some small-cap stocks making news - or about to. This file will be updated throughout the dayCanada’s S&P/TSX Small Cap Index (TXTW-I) is up by about 75 per cent over the past 52 weeks as of Wednesday’s close. It hit a record 1,472.51 on March 2. The Russell 2000 in the U.S. is up about 40 per cent over the past 52 weeks. It hit a record of 2,817.96 on April 21. (function(t) { t.Hotline = t.Hotline || []; t.Hotline.push({ "id": "xm7z874k", "version": "1.3.3", "period": "3Y", "series": [ { "ticker": "$TXTW", "title": "TSX Smallcap Index", "exchange": "Index - INDEX-TSX" }, { "ticker": "$TXCX", "title": "TSX Composite Index", "exchange": "Index - INDEX-TSX" } ] }); var b =…
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