Element Fleet Management Corp expected to post earnings of 31 cents a share - Earnings Preview

Element Fleet Management

10/05/2024 21:35

* Element Fleet Management Corp  EFN.TO   is expected
to show a
rise in quarterly revenue when it reports  results on May 14 for
the period ending March 31 2024
    * The Toronto Ontario-based  company is expected to report a
2.6% increase in revenue to $311.9 million from $303.96 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Element Fleet Management
Corp
is for earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Element
Fleet
Management Corp is C$27.00​, above​ its last closing price
of C$22.84. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.34        0.33       0.33      Met     -1.3
 Sep. 30 2023  0.32        0.32       0.35      Beat    9.8
 Jun. 30 2023  0.31        0.31       0.33      Beat    7.6​
 Mar. 31 2023  0.28        0.27       0.31      Beat    13.9
 ​​Dec.        0.25        0.25       0.27      Beat    6.6
 31 2022                                                
 Jan. 1 0001   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
 This summary was machine generated May 10 at 20:35 GMT.  All
figures in Canadian 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)