Element Fleet Management Full Year 2023 Earnings: EPS Misses Expectations
Element Fleet Management (TSE:EFN) Full Year 2023 Results
Key Financial Results
Revenue: CA$1.99b (up 19% from FY 2022).
Net income: CA$466.2m (up 22% from FY 2022).
Profit margin: 23% (in line with FY 2022).
EPS: CA$1.13 (up from CA$0.96 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Element Fleet Management EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%.
Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to grow by 3.1%.
Performance of the Canadian Commercial Services industry.
The company's shares are down 1.7% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Element Fleet Management could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
