ATS Corp reports results for the quarter ended in December - Earnings Summary

ATS

07/02/2024 14:30

* ATS Corp  ATS.TO  reported quarterly adjusted earnings of
65
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 52
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 65 cents per share. Wall Street expected
results to range from 61 cents to 74 cents per share.
    * Revenue rose 16.2% to C$752.00 million from a year ago;
analysts
expected C$732.36 million. 
    * ATS Corp's reported EPS for the quarter was 48 cents​.
    * The company reported quarterly net income of C$47.2
million.
    * ATS Corp shares had risen by 3.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for ATS Corp is
C$68.00 
This summary was machine generated from LSEG data February 7 at
02:30 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.65           0.65           Met
 Sep. 30 2023      0.64           0.63           Missed
 Jun. 30 2023      0.65           0.69           Beat
 Mar. 31 2023      0.54           0.73           Beat