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

CECO Environmental

30/07/2024 14:31

* CECO Environmental Corp  CECO.OQ  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of six analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 13 cents to 20 cents per
share.
    * Revenue rose 6.5% to $137.52 million from a year ago;
analysts
expected $143.32 million. 
    * CECO Environmental Corp's reported EPS for the quarter was
12
cents​.
    * The company reported quarterly net income of $4.49
million.
    * CECO Environmental Corp shares had risen by 4.0% this
quarter and gained 48.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $28.00 
This summary was machine generated from LSEG data July 30 at
01:31 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
 Jun. 30 2024      0.16           0.20           Beat
 Mar. 31 2024      0.11           0.11           Met
 Dec. 31 2023      0.24           0.28           Beat
 Sep. 30 2023      0.18           0.22           Beat