Ceco Environmental Corp Reports Results For The Quarter Ended In September 30: Earnings Summary

CECO Environmental

29/10/2024 14:20

* CECO Environmental Corp  CECO.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 22 cents.  The mean expectation of six analysts
for the quarter was for earnings of 19 cents per share. Wall
Street expected results to range from 18 cents to 22 cents per
share.
    * Revenue fell 9.3% to $135.51 million from a year ago;
analysts
expected $154.65 million. 
    * CECO Environmental Corp's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $2.09
million.
    * CECO Environmental Corp shares had fallen by 6.7% this
quarter and gained 29.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.5%
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 35.00 
This summary was machine generated from LSEG data October 29 at
02:20 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
 Sep. 30 2024      0.19           0.14           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