EQB Inc reports results for the quarter ended April 30 - Earnings Summary

• EQB Inc EQB.TO reported quarterly adjusted earnings of C$2.31​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of C$2.81. The mean expectation of ten analysts for the quarter was for earnings of C$2.58 per share. Wall Street expected results to range from C$2.37 to C$2.89 per share.

• Revenue rose 1.4% to C$271.06 million from a year ago; analysts expected C$270.00 million.

• EQB Inc's reported EPS for the quarter was C$2.21​.

• The company reported quarterly net income of C$85.53 million.

• EQB Inc shares had fallen by 0.3% this quarter and lost 1.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.8% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for EQB Inc is C$117.00

This summary was machine generated from LSEG data May 28 at 09:49 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)