Mullen Group Ltd reports results for the quarter ended in September 30 - Earnings Summary

Mullen

24/10/2024 14:00

* Mullen Group Ltd  MTL.TO  reported quarterly adjusted
earnings
of 41 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 42 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 32 cents to 42 cents per share.
    * Revenue rose 5.6% to $532.00 million from a year ago;
analysts
expected C$522.70 million. 
    * Mullen Group Ltd's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of C$38.3
million.
    * Mullen Group Ltd shares had fallen by 0.3% this
quarter and
gained 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 8 "strong buy" or "buy," 2
"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 17.50 
This summary was machine generated from LSEG data October 24 at
01:00 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
 Sep. 30 2024      0.36           0.41           Beat
 Jun. 30 2024      0.29           0.37           Beat
 Mar. 31 2024      0.31           0.25           Missed
 Dec. 31 2023      0.32           0.32           Met