Finning International Inc expected to post earnings of C$1.00 a share - Earnings Preview

Finning International

03/08/2024 03:22

* Finning International Inc  FTT.TO   is expected to show a
fall
in quarterly revenue when it reports  results on August 6 for
the period ending June 30 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 6.4% decrease in revenue to C$2.6 billion from C$2.78
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Finning International
Inc is
for earnings of C$1.00 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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$48.50​, above​ its last closing price
of C$36.58. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.86        0.86       0.84      Missed  -2.1
 Jan. 1 2024   0.97        0.97       1.06      Beat    -39.1
 Jan. 1 0001               1.00       1.06      Beat    5.5​
 Jun. 30 2023              0.93       1.00      Beat    7.1
 ​​Jan.        0.71        0.70       0.89      Beat    26.7
 1 0001                                                 
 Jan. 1 0001   0.82        0.82                         9.1​
 Jan. 1 0001   0.75        0.73                         32.7
 Jun. 30 2022  0.68        0.66       0.80      Beat    21
 This summary was machine generated August 3 at 02:22 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)