Finning International Inc expected to post earnings of 86 cents a share - Earnings Preview

Finning International

04/05/2024 03:33

* Finning International Inc  FTT.TO   is expected to show a
fall
in quarterly revenue when it reports  results on May 6 for the
period ending March 31 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 8.9% decrease in revenue to C$2.168 billion from C$2.38
billion a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Finning International
Inc is
for earnings of 86 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Finning
International Inc is C$46.00​, above​ its last closing price
of C$40.38. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.97        0.97       0.59      Missed  -39.1
 Sep. 30 2023  1.02        1.00       1.06      Beat    5.5
 Jun. 30 2023  0.94        0.93       1.00      Beat    7.1​
 Jan. 1 0001   0.71        0.70       0.89      Beat    26.7
 ​​Dec.        0.82        0.82       0.89      Beat    9.1
 31 2022                                                
 Sep. 30 2022  0.75        0.73       0.97      Beat    32.7​
 Jun. 30 2022  0.68        0.66       0.80      Beat    21
 Mar. 31 2022  0.51        0.50       0.59      Beat    18
 This summary was machine generated May 4 at 02:32 GMT.  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)