Finning International Inc reports results for the quarter ended in December - Earnings Summary

Finning International

06/02/2024 23:46

* Finning International Inc  FTT.TO  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 89 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 97 cents per
share. Wall Street expected results to range from 88 cents
to C$1.01 per share.
    * Revenue rose 1.5% to C$2.40 billion from a year ago;
analysts
expected C$2.50 billion. 
    * Finning International Inc's reported EPS for the quarter
was 59
cents​.
    * The company reported quarterly net income of C$85 million.
    * Finning International Inc shares had risen by 3.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Finning
International Inc is C$48.00 
This summary was machine generated from LSEG data February 6 at
11:46 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
 Dec. 31 2023      0.97           0.59           Missed
 Sep. 30 2023      1.00           1.06           Beat
 Jun. 30 2023      0.93           1.00           Beat
 Mar. 31 2023      0.70           0.89           Beat