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

Finning International

09/08/2023 24:31

* Finning International Inc  FTT.TO  reported quarterly
adjusted
earnings of C$1.00​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 93 cents per share.
    * Revenue rose 21.4% to C$2.78 billion from a year ago;
analysts
expected C$2.31 billion. 
    * Finning International Inc's reported EPS for the quarter
was
C$1.00​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Finning International Inc shares had risen by 12.6% this
quarter and gained 36.3% so far this year.
    * The company reported quarterly net income of C$148
million.
    * Wall Street's median 12-month price target for Finning
International Inc is C$47.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 11:31 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.93           1.00           Beat
 Mar. 31 2023      0.70           0.89           Beat
 Dec. 31 2022      0.82           0.89           Beat
 Sep. 30 2022      0.73           0.97           Beat