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

Profire Energy

07/08/2024 22:02

* Profire Energy Inc  PFIE.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 6 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 5% to $13.73 million from a year ago;
analysts
expected $14.10 million. 
    * Profire Energy Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $2.06
million.
    * Profire Energy Inc shares had risen by 2.8% this
quarter and
lost 19.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 1 "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 $4.00 
This summary was machine generated from LSEG data August 7 at
09:02 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
 Jun. 30 2024      0.03           0.04           Beat
 Mar. 31 2024      0.03           0.03           Met
 Dec. 31 2023                     0.07           
 Sep. 30 2023      0.04           0.04           Met