Westshore Terminals Investment Corp reports results for the quarter ended in March - Earnings Summary

Westshore Terminals Investment

04/05/2024 01:22

* Westshore Terminals Investment Corp  WTE.TO  reported
quarterly
adjusted earnings of 24 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
four analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 41 cents to 47
cents per share.
    * Revenue fell 12.4% to C$84.76 million from a year ago;
analysts
expected $88.77 million. 
    * Westshore Terminals Investment Corp's reported EPS for the
quarter was 24 cents​.
    * The company reported quarterly net income of C$15.25
million.
    * Westshore Terminals Investment Corp shares had risen
by 3.2%
this quarter and lost 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the marine port
services peer group is also "hold"

Wall Street's median 12-month price target for Westshore
Terminals Investment Corp is C$27.00 
This summary was machine generated from LSEG data May 4 at 12:21
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
 Mar. 31 2024      0.43           0.24           Missed
 Dec. 31 2023      0.36           0.36           Met
 Sep. 30 2023      0.44           0.53           Beat
 Jun. 30 2023      0.45           0.45           Met