Element Fleet Management Corp expected to post earnings of 27  cents a share - Earnings Preview

Element Fleet Management

06/05/2023 02:28

* Element Fleet Management Corp  EFN.TO   is expected
to show a
rise in quarterly revenue when it reports  results on May 9. 
    * The Toronto Ontario-based  company is expected to report 
a
8.7% increase in revenue to C$283.533 million from C$260.8
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Element Fleet
Management
Corp is for earnings of 27 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Element
Fleet
Management Corp is C$23​, above​ its last closing price
of C$17.45. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.25        0.25       0.27      Beat    6.6
 Sep. 30 2022  0.26        0.26       0.30      Beat    16.4
 Jun. 30 2022  0.23        0.23       0.29      Beat    27.3​
 Mar. 31 2022  0.20        0.20       0.24      Beat    17.4
 ​​Dec.        0.19        0.19       0.21      Beat    9.3
 31 2021                                                
 Sep. 30 2021  0.21        0.21       0.21      Met     -0.7​
 Jun. 30 2021  0.20        0.20       0.20      Met     -2.2
 Mar. 31 2021  0.21        0.21       0.22      Beat    4.8
 This summary was machine generated May 6 at 01:28 GMT.  All
figures in Canadian dollars  unless otherwise stated