GFL Environmental Inc GFL.TO reported quarterly adjusted earnings of 26 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of ten analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 14 cents to 35 cents per share.
Revenue fell 18.7% to C$1.68 billion from a year ago; analysts expected C$1.67 billion.
GFL Environmental Inc's reported EPS for the quarter was 70 cents.
The company reported quarterly net income of C$276.3 million.
GFL Environmental Inc shares had fallen by 2.3% this quarter and gained 4.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 22.1% 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 7 "strong buy" or "buy," 2 "hold" and no "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$75.75, about 13% above its last closing price of C$65.87
This summary was machine generated from LSEG data July 30 at 09:56 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)