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

Pason Systems

02/11/2023 23:03

* Pason Systems Inc  PSI.TO  reported quarterly adjusted
earnings
of 35 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 41 cents.  The mean expectation of five analysts for the
quarter was for earnings of 31 cents per share. Wall Street
expected results to range from 30 cents to 32 cents per share.
    * Revenue rose 0.6% to C$93.09 million from a year ago;
analysts
expected C$86.85 million. 
    * Pason Systems Inc's reported EPS for the quarter was 35
cents​.
    * The company reported quarterly net income of C$27.73
million.
    * Pason Systems Inc shares had fallen by 0.1% this
quarter and
lost 15.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
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 5 "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$17.00 
This summary was machine generated from LSEG data November 2 at
11:02 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.36           0.44           Beat