GFL Environmental Inc reports results for the quarter ended in January - Earnings Summary

GFL Environmental

01/08/2024 11:07

* GFL Environmental Inc  GFL.TO  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 49 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 25 cents to 42
cents per share.
    * Revenue rose 6% to C$2.06 billion from a year ago;
analysts
expected C$2.06 billion. 
    * GFL Environmental Inc's reported EPS for the quarter was a
loss
of $1.31​.
    * The company reported a quarterly loss of C$471.2 million.
    * GFL Environmental Inc shares had risen by 0.5% this
quarter and
gained 17.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.4%
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 11 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for GFL Environmental
Inc is C$58.00 
This summary was machine generated from LSEG data August 1 at
10:07 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      0.30           0.29           Missed
 Mar. 31 2024      -0.01          -0.01          Met
 Dec. 31 2023      0.23           0.05           Missed
 Sep. 30 2023      0.27           0.32           Beat