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

Stantec

08/11/2024 02:15

* Stantec Inc  STN.TO  reported quarterly adjusted earnings
of
C$1.30​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.14.  The mean expectation of eleven analysts for the
quarter was for earnings of C$1.25 per share. Wall Street
expected results to range from $1.16  to C$1.29 per share.
    * Revenue rose 15.8% to C$1.52 billion from a year ago;
analysts
expected C$1.53 billion. 
    * Stantec Inc's reported EPS for the quarter was 90 cents​.
    * The company reported quarterly net income of C$103.2
million.
    * Stantec Inc shares had risen by 8.0% this quarter and
gained 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Stantec Inc is
125.00 
This summary was machine generated from LSEG data November 8 at
02:15 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      1.25           1.30           Beat
 Jun. 30 2024      1.12           1.12           Met
 Mar. 31 2024      0.86           0.90           Beat
 Dec. 31 2023      0.86           0.82           Missed