EQB Inc reports results for the quarter ended in July 31 - Earnings Summary

EQB

28/08/2024 23:23

* EQB Inc  EQB.TO  reported quarterly adjusted earnings of
C$2.96​​ per share for the quarter ended July 31.  The mean
expectation of eight analysts for the quarter was for earnings
of C$2.89 per share. Wall Street expected results to range from
C$2.82  to C$2.97 per share.
    * Revenue was C$271.37 million​; analysts expected C$283.18
million. 
    * EQB Inc's reported EPS for the quarter was $2.84​.
    * The company reported quarterly net income of C$109.54
million.
    * EQB Inc shares had risen by 4.8% this quarter and
gained 12.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "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$106.00 
This summary was machine generated from LSEG data August 28 at
10:22 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
 Jul. 31 2024      2.89           2.96           Beat
 Apr. 30 2024      2.68           2.81           Beat
 Jan. 31 2024      2.84           2.76           Missed
 Oct. 31 2023      3.65           3.80           Beat