EQB Inc reports results for the quarter ended in January - Earnings Summary

EQB

29/02/2024 20:48

* EQB Inc  EQB.TO  reported quarterly adjusted earnings of
C$2.66​​ per share for the quarter ended in January.  The mean
expectation of nine analysts for the quarter was for earnings of
C$2.84 per share. Wall Street expected results to range from
C$2.78  to C$2.90 per share.
    * Revenue was C$256.01 million​; analysts expected C$269.03
million. 
    * EQB Inc's reported EPS for the quarter was C$2.66​.
    * The company reported quarterly net income of C$101.88
million.
    * EQB Inc shares had risen by 8.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for EQB Inc is
C$107.00 
This summary was machine generated from LSEG data February 29 at
08:48 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      2.84           2.66           Missed
 Oct. 31 2023      3.65           3.80           Beat