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

Pason Systems

08/08/2024 01:02

* Pason Systems Inc  PSI.TO  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 32 cents.  The mean expectation of four analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 19 cents to 22 cents per share.
    * Revenue rose 13.2% to C$95.86 million from a year ago;
analysts
expected C$97.10 million. 
    * Pason Systems Inc's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of C$10.89
million.
    * Pason Systems Inc shares had fallen by 15.6% this
quarter and
lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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$20.00 
This summary was machine generated from LSEG data August 8 at
12:01 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      0.20           0.14           Missed
 Mar. 31 2024      0.32           0.87           Beat
 Dec. 31 2023      0.29           0.11           Missed
 Sep. 30 2023      0.31           0.35           Beat