GFL Environmental Inc reports results for the quarter ended in September 30 - Earnings Summary

GFL Environmental

07/11/2024 14:11

* GFL Environmental Inc  GFL.TO  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 33 cents per
share. Wall Street expected results to range from 20 cents to 39
cents per share.
    * Revenue rose 6.6% to C$2.01 billion from a year ago;
analysts
expected $2.05 billion. 
    * GFL Environmental Inc's reported EPS for the quarter was
23
cents​.
    * The company reported quarterly net income of C$110.6
million.
    * GFL Environmental Inc shares had risen by 12.6% this
quarter and
gained 32.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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$63.32 
This summary was machine generated from LSEG data November 7 at
02:11 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      0.33           0.33           Met
 Jun. 30 2024      0.30           0.29           Missed
 Mar. 31 2024      -0.01          -0.01          Met
 Dec. 31 2023      0.23           0.05           Missed