Picture of ECN Capital logo

ECN ECN Capital News Story

0.000.00%
ca flag iconLast trade - 00:00
FinancialsAdventurousMid CapNeutral

ECN Capital Q3 profit misses estimates

Overview

ECN Capital Q3 adjusted EPS meets consensus at $0.06 per share

Adjusted EBITDA for Q3 beats analyst estimates

Adjusted net income for Q3 misses analyst expectations

Result Drivers

ORIGINATIONS GROWTH - Increased originations in Manufactured Housing and RV and Marine segments drove Q3 results

SALES UPGRADES - Sales upgrades in Manufactured Housing and RV and Marine segments are yielding positive results, per CEO Steven Hudson

ASSET EXPANSION - Managed assets grew to $8.2 bln from $7.6 bln in the previous quarter, indicating asset base expansion

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPSMeet$0.06$0.06 (3 Analysts)
Q3 Adjusted Net IncomeMiss$16.70 mln$23 mln (1 Analyst)
Q3 Net Income$11.20 mln
Q3 Adjusted EBITDABeat$40.60 mln$37.50 mln (2 Analysts)
Q3 Operating Expenses$34 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the corporate financial services peer group is "buy." Wall Street's median 12-month price target for ECN Capital Corp is C$3.25, about 15.4% above its November 12 closing price of C$2.75 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nCNWmsgnDa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on ECN Capital

See all news