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

Mullen

15/02/2024 12:37

* Mullen Group Ltd  MTL.TO  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 62 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 29 cents to 35 cents per share.
    * Revenue fell 0.8% to C$498.67 million from a year ago;
analysts
expected C$497.40 million. 
    * Mullen Group Ltd's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of C$29.42
million.
    * Mullen Group Ltd shares had risen by 9.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Mullen
Group Ltd
is C$18.50 

This summary was machine generated from LSEG data February 15 at
12:36 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
 Dec. 31 2023      0.32           0.32           Met
 Sep. 30 2023      0.35           0.42           Beat
 Jun. 30 2023      0.32           0.39           Beat
 Mar. 31 2023      0.24           0.33           Beat