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

EQB

04/12/2024 23:27

* EQB Inc  EQB.TO  reported quarterly adjusted earnings of
C$2.51​​ per share for the quarter ended October 31, lower than
the same quarter last year, when the company reported EPS of
C$3.80.  The mean expectation of nine analysts for the quarter
was for earnings of C$2.92 per share. Wall Street expected
results to range from C$2.74  to C$3.01 per share.
    * Revenue fell 26% to C$255.77 million from a year ago;
analysts
expected C$284.31 million. 
    * EQB Inc's reported EPS for the quarter was C$1.95​.
    * The company reported quarterly net income of C$75.38
million.
    * EQB Inc shares had risen by 5.4% this quarter and
gained 25.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 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$119.00 
This summary was machine generated from LSEG data December 4 at
11:27 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
 Oct. 31 2024      2.92           2.51           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