Mullen Group Ltd reports results for the quarter ended December 31 - Earnings Summary

• Mullen Group Ltd MTL.TO reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of seven analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 25 cents to 32 cents per share.

• Revenue rose 0.1% to C$499.10 million from a year ago; analysts expected C$519.71 million.

• Mullen Group Ltd's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$18.9 million.

• Mullen Group Ltd shares had fallen by 2.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.8% in the last three months.​

• In the last 30 days, two 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," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the ground freight & logistics peer group is also "buy"

Wall Street's median 12-month price target for Mullen Group Ltd is C$18.88

This summary was machine generated from LSEG data February 13 at 12:42 p.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)