Finning International Inc reports results for the quarter ended September 30 - Earnings Summary

Finning International

13/11/2024 14:20

* Finning International Inc  FTT.TO  reported quarterly
adjusted
earnings of 74 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of C$1.06.  The mean expectation of nine analysts
for the quarter was for earnings of $1.04 per share. Wall Street
expected results to range from 99 cents to C$1.07 per share.
    * Revenue rose 4.6% to $2.83 billion from a year ago;
analysts
expected C$2.56 billion. 
    * Finning International Inc's reported EPS for the quarter
was 74
cents​.
    * The company reported quarterly net income of C$103
million.
    * Finning International Inc shares had fallen by 6.0% this
quarter and gained 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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$50.00 
This summary was machine generated from LSEG data November 13 at
02:20 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
 Sep. 30 2024      1.04           0.74           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