Mullen Group Ltd expected to post earnings of 32 cents a share - Earnings Preview

Mullen

13/02/2024 11:06

* Mullen Group Ltd  MTL.TO   is expected to show a fall in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Okotoks Alberta-based  company is expected to report a
1.1% decrease in revenue to C$497.4 million from C$502.7 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on December 11 2023,
for the period ended December 31, was for revenue of C$500.000
million.
    * ​LSEG's mean analyst estimate for Mullen Group Ltd is for
earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Mullen
Group Ltd
is C$18.50​, above​ its last closing price of C$15.47. ​​​

The company's guidance on December 11 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of CAD80 million.
Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.35        0.35       0.42      Beat    19
 Jun. 30 2023  0.32        0.32       0.39      Beat    22.4
 Mar. 31 2023  0.26        0.24       0.33      Beat    37.5​
 Dec. 31 2022  0.35        0.36       0.62      Beat    74.6
 ​​Sep.        0.42        0.40       0.39      Missed  -1.5
 30 2022                                                
 Jun. 30 2022  0.24        0.24       0.43      Beat    83​
 Mar. 31 2022  0.17        0.17       0.17      Met     -1.7
 Dec. 31 2021  0.16        0.18       0.21      Beat    19.5
 This summary was machine generated February 13 at 11:06 GMT. 
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)