Profire Energy Inc reports results for the quarter ended in December - Earnings Summary

Profire Energy

14/03/2024 13:31

* Profire Energy Inc  PFIE.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 4 cents.  The mean expectation of
three analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 2 cents to 5
cents per share.
    * Revenue rose 2.9% to $14.38 million from a year ago;
analysts
expected $14.62 million. 
    * Profire Energy Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $3.29
million.
    * Profire Energy Inc shares had fallen by 7.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," no
"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 Profire Energy
Inc is $3.50 
This summary was machine generated from LSEG data March 14 at
01:30 p.m. UTC. ​All figures in US 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      0.04           0.07           Beat
 Sep. 30 2023      0.04           0.04           Met
 Jun. 30 2023      0.05           0.06           Beat
 Mar. 31 2023      0.03           0.05           Beat