Element Fleet Management Corp reports results for the quarter ended March 31 - Earnings Summary

• Element Fleet Management Corp EFN.TO reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of nine analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 28 cents to 29 cents per share.

• Revenue rose 5.2% to $275.70 million from a year ago; analysts expected $279.16 million.

• Element Fleet Management Corp's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $102.25 million.

• Element Fleet Management Corp shares had risen by 5.8% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the corporate financial services peer group is also "buy"

• Wall Street's median 12-month price target for Element Fleet Management Corp is C$34.00

This summary was machine generated from LSEG data April 30 at 11:06 p.m. UTC. ​All figures in US 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)