Canada's Mullen Group Q4 EPS misses estimates on higher costs, soft demand

Mullen

12/02/2026 11:07

Overview

Canada logistics provider's Q4 revenue slightly beat analyst expectations, driven by acquisitions

Adjusted EPS for Q4 missed analyst expectations

Company highlighted acquisitions as key contributors to revenue growth

Outlook

Mullen Group expects acquisitions to contribute long-term value to its network

Company anticipates economic rebound will improve results

Mullen Group sees continued soft economy with low demand and pressure on rates

Result Drivers

ACQUISITIONS - Incremental revenue from acquisitions drove Q4 revenue increase, offsetting declines in existing business units

ECONOMIC CHALLENGES - Soft economy and lack of capital investment led to reduced demand and pressure on margins

HIGHER COSTS - Increased selling and administrative expenses impacted operating margins, particularly at Cole Group

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
C$533.80 mln
C$532.25 mln (8 Analysts)
Q4 Adjusted EPS
Miss
C$0.15
C$0.21 (7 Analysts)
Q4 EPS
C$0.16
Q4 Adjusted Net Income
Miss
C$13.50 mln
C$18.95 mln (5 Analysts)
Q4 Net Income
C$14.60 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

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 ground freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Mullen Group Ltd is C$18.25, about 3.2% above its February 11 closing price of C$17.69

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX8l7gxn

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)