Pason Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Pason Systems

08/11/2024 02:14

* Pason Systems Inc  PSI.TO  reported quarterly adjusted
earnings
of 30 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 35 cents.  The mean expectation of three analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 26 cents to 27 cents per share.
    * Revenue rose 13.7% to $105.89 million from a year ago;
analysts
expected $105.63 million. 
    * Pason Systems Inc's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of C$24.16
million.
    * Pason Systems Inc shares had risen by 11.8% this
quarter and
lost 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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," 1
"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$18.00 
This summary was machine generated from LSEG data November 8 at
02:14 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
 Sep. 30 2024      0.26           0.30           Beat
 Jun. 30 2024      0.20           0.14           Missed
 Mar. 31 2024      0.32           0.87           Beat
 Dec. 31 2023      0.29           0.11           Missed