Ceco Environmental Corp Reports Results For The Quarter Ended In December: Earnings Summary

CECO Environmental

05/03/2024 23:32

* CECO Environmental Corp  CECO.OQ  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
six analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 22 cents to 27
cents per share.
    * Revenue rose 32.1% to $153.71 million from a year ago;
analysts
expected $146.61 million. 
    * CECO Environmental Corp's reported EPS for the quarter was
11
cents​.
    * The company reported quarterly net income of $3.88
million.
    * CECO Environmental Corp shares had risen by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for CECO
Environmental Corp is $23.00 
This summary was machine generated from LSEG data March 5 at
11:31 p.m. UTC. ​All figures in US 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      0.24           0.28           Beat
 Sep. 30 2023      0.18           0.22           Beat
 Jun. 30 2023      0.15           0.15           Met
 Mar. 31 2023      0.09           0.10           Beat