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

Pason Systems

03/05/2024 01:03

* Pason Systems Inc  PSI.TO  reported quarterly adjusted
earnings
of 87 cents​​ per share for the quarter ended in March, higher
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 32 cents per share. Wall Street
expected results to range from 29 cents to 36 cents per share.
    * Revenue rose 6.6% to $104.76 million from a year ago;
analysts
expected $104.90 million. 
    * Pason Systems Inc's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $69.53
million.
    * Pason Systems Inc shares had risen by 1.5% this
quarter and
lost 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
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 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$20.00 
This summary was machine generated from LSEG data May 3 at 12:03
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
 Mar. 31 2024      0.32           0.87           Beat
 Dec. 31 2023      0.29           0.11           Missed
 Sep. 30 2023      0.31           0.35           Beat
 Jun. 30 2023      0.28           0.32           Beat