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

Finning International

07/05/2024 01:54

* Finning International Inc  FTT.TO  reported quarterly
adjusted
earnings of 84 cents​​ per share for the quarter ended in March,
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 86 cents per share. Wall Street
expected results to range from 80 cents to 91 cents per share.
    * Revenue fell 2% to C$2.33 billion from a year ago;
analysts
expected C$2.17 billion. 
    * Finning International Inc's reported EPS for the quarter
was 84
cents​.
    * The company reported quarterly net income of $121 million.
    * Finning International Inc shares had risen by 1.4% this
quarter and gained 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 8 "strong buy" or "buy," no
"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$46.00 
This summary was machine generated from LSEG data May 7 at 12:54
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
 Mar. 31 2024      0.86           0.84           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