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

Element Fleet Management

14/08/2024 24:23

* Element Fleet Management Corp  EFN.TO  reported quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 25 cents to 28
cents per share.
    * Revenue rose 14.1% to $274.60 million from a year ago;
analysts
expected $262.23 million. 
    * Element Fleet Management Corp's reported EPS for the
quarter was
26 cents​.
    * The company reported quarterly net income of $102.7
million.
    * Element Fleet Management Corp shares had risen by 1.8%
this
quarter and gained 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for Element Fleet
Management Corp is C$29.00 
This summary was machine generated from LSEG data August 13 at
11:23 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
 Jun. 30 2024      0.27           0.29           Beat
 Mar. 31 2024      0.25           0.26           Beat
 Dec. 31 2023      0.25           0.24           Missed
 Sep. 30 2023      0.23           0.26           Beat