Exchange Income Corp reports results for the quarter ended March 31 - Earnings Summary

• Exchange Income Corp EIF.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 20 cents. The mean expectation of ten analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 12 cents to 59 cents per share.

• Revenue rose 11.1% to C$668.28 million from a year ago; analysts expected C$665.93 million.

• Exchange Income Corp's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of C$7.21 million.

• Exchange Income Corp shares had risen by 9.4% this quarter and lost 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.7% 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 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Exchange Income Corp is C$68.00

This summary was machine generated from LSEG data May 12 at 10:47 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)