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

Finning International

07/08/2024 02:24

* Finning International Inc  FTT.TO  reported quarterly
adjusted
earnings of $1.01​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of C$1.00.  The mean expectation of eight analysts
for the quarter was for earnings of C$1.00 per share. Wall
Street expected results to range from 90 cents to C$1.06 per
share.
    * Revenue rose 5.1% to $2.92 billion from a year ago;
analysts
expected C$2.60 billion. 
    * Finning International Inc's reported EPS for the quarter
was
C$1.01​.
    * The company reported quarterly net income of C$144
million.
    * Finning International Inc shares had fallen by 8.8% this
quarter and lost 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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," 1
"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$48.50 
This summary was machine generated from LSEG data August 7 at
01:24 a.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
 Jun. 30 2024      1.00           1.01           Beat
 Mar. 31 2024      0.86           0.84           Missed
 Dec. 31 2023      0.97           0.59           Missed
 Sep. 30 2023      1.00           1.06           Beat