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

Mullen

25/07/2024 12:22

* Mullen Group Ltd  MTL.TO  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 39 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 29 cents per share. Wall Street
expected results to range from 25 cents to 33 cents per share.
    * Revenue rose 0.3% to $495.60 million from a year ago;
analysts
expected C$490.76 million. 
    * Mullen Group Ltd's reported EPS for the quarter was 36
cents​.
    * The company reported quarterly net income of $43.8
million.
    * Mullen Group Ltd shares had risen by 1.0% this quarter and
lost 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Mullen Group Ltd
is C$17.25 
This summary was machine generated from LSEG data July 25 at
11:22 a.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
 Jun. 30 2024      0.29           0.37           Beat
 Mar. 31 2024      0.31           0.25           Missed
 Dec. 31 2023      0.32           0.32           Met
 Sep. 30 2023      0.35           0.42           Beat