NFI Group Inc reports results for the quarter ended June 30 - Earnings Summary

• NFI Group Inc NFI.TO reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of five analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 5 cents to 9 cents per share.

• Revenue rose 2% to $868.20 million from a year ago; analysts expected $905.39 million.

• NFI Group Inc's reported EPS for the quarter was a loss of $1.35​.

• NFI Group Inc shares had risen by 5.4% this quarter and gained 35.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 34.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 NFI Group Inc is C$22.00, about 13.2% above its last closing price of C$19.10

This summary was machine generated from LSEG data July 31 at 10:33 p.m. UTC. ​All figures in US 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)