NFI Group Inc reports results for the quarter ended in June - Earnings Summary

NFI

01/08/2024 02:55

* NFI Group Inc  NFI.TO  reported quarterly adjusted
earnings of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -46
cents.  The mean expectation of five analysts for the quarter
was for breakeven results per share. Wall Street expected
results to range from -3 cents to 6 cents per share.
    * Revenue rose 28.9% to $851.00 million from a year ago;
analysts
expected $787.23 million. 
    * NFI Group Inc's reported EPS for the quarter was 2 cents​.
    * NFI Group Inc shares had risen by 6.2% this quarter and
gained 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 115%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for NFI Group Inc is
C$18.00 
This summary was machine generated from LSEG data August 1 at
01:55 a.m. UTC. ​All figures in US 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
 Jan. 1 0001       -0.15          0.03           Beat
 Mar. 31 2024      -0.15          -0.13          Beat
 Dec. 31 2023      -0.20          -0.05          Beat
 Sep. 30 2023      -0.33          -0.41          Missed