Pason Systems Inc reports results for the quarter ended in December - Earnings Summary

Pason Systems

29/02/2024 05:25

* Pason Systems Inc  PSI.TO  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 44 cents.  The mean expectation of five analysts for the
quarter was for earnings of 29 cents per share. Wall Street
expected results to range from 28 cents to 31 cents per share.
    * Revenue fell 1.2% to C$93.30 million from a year ago;
analysts
expected C$87.58 million. 
    * Pason Systems Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of C$8.5
million.
    * Pason Systems Inc shares had fallen by 12.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% 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," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Pason Systems Inc
is C$19.00 
This summary was machine generated from LSEG data February 29 at
05:24 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
 Dec. 31 2023      0.29           0.11           Missed
 Sep. 30 2023      0.31           0.35           Beat
 Jun. 30 2023      0.28           0.32           Beat
 Mar. 31 2023      0.37           0.44           Beat