Mullen Group Ltd reports results for the quarter ended in December - Earnings Summary

Mullen

09/02/2023 12:02

* Mullen Group Ltd  MTL.TO  reported quarterly adjusted
earnings
of 62 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was
for earnings of 36 cents per share.
    * Revenue rose 13.7% to C$502.70 million from a year ago;
analysts
expected C$500.84 million. 
    * Mullen Group Ltd's reported EPS for the quarter was 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * Mullen Group Ltd shares had fallen by 1.6% this quarter.
    * The company reported quarterly net income of C$61.5
million.
    * Wall Street's median 12-month price target for Mullen
Group Ltd
is C$16.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 12:01 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.36           0.62           Beat
 Sep. 30 2022      0.40           0.39           Missed
 Jun. 30 2022      0.24           0.43           Beat
 Mar. 31 2022      0.17           0.17           Met