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

• Mullen Group Ltd MTL.TO reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of eight analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 23 cents to 34 cents per share.

• Revenue rose 7.5% to C$497.10 million from a year ago; analysts expected C$500.76 million.

• Mullen Group Ltd's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of C$17.7 million.

• Mullen Group Ltd shares had fallen by 1.1% this quarter and lost 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6% 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 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$17.00

This summary was machine generated from LSEG data April 23 at 11:00 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)