Finning International Inc reports results for the quarter ended March 31 - Earnings Summary

• Finning International Inc FTT.TO reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 84 cents. The mean expectation of nine analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 76 cents to 93 cents per share.

• Revenue rose 7.2% to C$2.50 billion from a year ago; analysts expected C$2.37 billion.

• Finning International Inc's reported EPS for the quarter was 77 cents​.

• The company reported quarterly net income of C$104 million.

• Finning International Inc shares had risen by 1.2% this quarter and gained 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Finning International Inc is C$48.50

This summary was machine generated from LSEG data May 12 at 11:09 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)