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

Stantec

29/02/2024 24:07

* Stantec Inc  STN.TO  reported quarterly adjusted earnings
of
C$1.14​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 86 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 97 cents per share. Wall Street
expected results to range from 94 cents to C$1.03 per share.
    * Revenue rose 13.5% to C$1.32 billion from a year ago;
analysts
expected C$1.27 billion. 
    * Stantec Inc's reported EPS for the quarter was 94 cents​.
    * The company reported quarterly net income of C$103.9
million.
    * Stantec Inc shares had risen by 7.5% 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 9 "strong buy" or "buy," 2
"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
C$116.00 
This summary was machine generated from LSEG data February 29 at
12:06 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 2023      0.97           1.14           Beat
 Jun. 30 2023      0.94           0.99           Beat
 Mar. 31 2023      0.72           0.73           Beat
 Dec. 31 2022      0.71           0.82           Beat