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

Mullen

19/10/2023 14:31

* Mullen Group Ltd  MTL.TO  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in September. The
mean expectation of seven analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue fell 2.8% to C$503.94 million from a year ago;
analysts
expected C$498.40 million. 
    * Mullen Group Ltd's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Mullen Group Ltd shares had fallen by 0.2% this
quarter and
lost 8.0% so far this year.
    * The company reported quarterly net income of C$39.09
million.
    * Wall Street's median 12-month price target for Mullen
Group Ltd
is C$17.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 19 at 01:31 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.42           Beat
 Jun. 30 2023      0.32           0.39           Beat
 Mar. 31 2023      0.24           0.33           Beat
 Dec. 31 2022      0.36           0.62           Beat