Element Fleet Management Corp reports results for the quarter ended in June - Earnings Summary

Element Fleet Management

09/08/2023 10:08

* Element Fleet Management Corp  EFN.TO  reported quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
in June. The mean expectation of nine analysts for the quarter
was for earnings of 31 cents per share.
    * Revenue rose 12.1% to C$323.07 million from a year ago;
analysts
expected C$312.13 million. 
    * Element Fleet Management Corp's reported EPS for the
quarter was
29 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Element Fleet Management Corp shares had risen by 7.8%
this
quarter and gained 17.9% so far this year.
    * The company reported quarterly net income of C$120.03
million.
    * Wall Street's median 12-month price target for Element
Fleet
Management Corp is C$24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:08 a.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.33           Beat
 Mar. 31 2023      0.27           0.31           Beat
 Dec. 31 2022      0.25           0.27           Beat
 Sep. 30 2022      0.26           0.30           Beat