Canada's Element Fleet Q2 revenue beats expectations
Overview
Element Fleet Q2 2025 net revenue grows 6% yr/yr, beating analyst expectations
Adjusted EPS meets analyst expectations, reflecting stable performance
Co repurchased 3.1 mln shares, indicating commitment to shareholder value
Result Drivers
REVENUE GROWTH - Net revenue increased 6% yr/yr, driven by higher services and net financing revenue despite $10 mln FX impact
STRONG ORDER PIPELINE - Committed order pipeline at $1.7 bln, reflecting strong client demand
ORIGINATIONS DECLINE - Originations fell 4% yr/yr due to FX translation headwinds
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Revenue | Beat | $290 mln | $285.10 mln (6 Analysts) |
Q2 Adjusted EPS | Meet | $0.3 | $0.3 (10 Analysts) |
Q2 EPS |
| $0.3 |
|
Q2 Adjusted Operating Expenses |
| $128 mln |
|
Q2 Adjusted Operating Income |
| $161.90 mln |
|
Q2 ROCE |
| 17.5% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for Element Fleet Management Corp is C$39.00, about 5.6% above its August 5 closing price of C$36.83
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nGNX1l0NHm
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