CES Energy Solutions Corp reports results for the quarter ended March 31 - Earnings Summary

• CES Energy Solutions Corp CEU.TO reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of four analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 16 cents to 23 cents per share.

• Revenue rose 7.5% to C$632.43 million from a year ago; analysts expected C$615.15 million.

• CES Energy Solutions Corp's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of C$44.1 million.

• CES Energy Solutions Corp shares had fallen by 18.5% this quarter and lost 39.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.9% 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 7 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for CES Energy Solutions Corp is C$10.50

This summary was machine generated from LSEG data May 8 at 11:44 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)