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

Element Fleet Management

15/05/2024 18:26

* Element Fleet Management Corp  EFN.TO  reported quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 31 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 24 cents to 36
cents per share.
    * Revenue rose 16.2% to $353.15 million from a year ago;
analysts
expected C$311.90 million. 
    * Element Fleet Management Corp's reported EPS for the
quarter was
31 cents​.
    * The company reported quarterly net income of C$126.46
million.
    * Element Fleet Management Corp shares had risen by 1.5%
this
quarter and gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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$27.00 
This summary was machine generated from LSEG data May 15 at
05:26 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
 Mar. 31 2024      0.30           0.35           Beat
 Sep. 30 2023      0.33           0.33           Met
 Sep. 30 2023      0.32           0.35           Beat
 Jun. 30 2023      0.31           0.33           Beat