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

• ATS Corp ATS.TO reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of eight analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 31 cents to 45 cents per share.

• Revenue fell 27.5% to C$574.20 million from a year ago; analysts expected C$686.90 million.

• ATS Corp's reported EPS for the quarter was a loss of 70 cents​.

• The company reported a quarterly loss of C$68.9 million.

• ATS Corp shares had risen by 17.6% this quarter and lost 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% 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 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for ATS Corp is C$50.00

This summary was machine generated from LSEG data May 28 at 10:17 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)