Element Fleet Management Corp reports results for the quarter ended June 30 - Earnings Summary

• Element Fleet Management Corp EFN.TO reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of ten analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 28 cents to 32 cents per share.

• Revenue rose 5.6% to $290.00 million from a year ago; analysts expected $285.11 million.

• Element Fleet Management Corp's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $112.37 million.

• Element Fleet Management Corp shares had risen by 8.0% this quarter and gained 26.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% 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," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the corporate financial services peer group is also "buy"

• Wall Street's median 12-month price target for Element Fleet Management Corp is C$39.00, about 5.6% above its last closing price of C$36.83

This summary was machine generated from LSEG data August 7 at 05:36 a.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)