EQB Inc reports results for the quarter ended July 31 - Earnings Summary

• EQB Inc EQB.TO reported quarterly adjusted earnings of C$2.07​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of C$2.96. The mean expectation of ten analysts for the quarter was for earnings of C$2.60 per share. Wall Street expected results to range from C$2.27 to C$2.88 per share.

• Revenue fell 7.9% to C$250.04 million from a year ago; analysts expected C$268.50 million.

• EQB Inc's reported EPS for the quarter was C$1.90​.

• The company reported quarterly net income of C$73.01 million.

• EQB Inc shares had fallen by 2.2% this quarter and gained 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 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 6 "strong buy" or "buy," 4 "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$110.50, about 8% above its last closing price of C$101.65

This summary was machine generated from LSEG data August 27 at 10:19 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)