EQB Inc Q1 Earnings: EPS C$2.03, Revenue Misses Estimates
EQB Inc Reports Results for Quarter Ended April 30
EQB Inc reported adjusted earnings of C$2.03 per share for the quarter ended April 30, below the C$2.31 from the same quarter last year. The mean estimate of nine analysts was C$1.98 per share.
Revenue and Stock Performance
Revenue fell 3.8% to C$260.73 million from a year ago, missing expectations of C$286.35 million. EQB shares rose 5.2% in the quarter and are up 12.9% year-to-date.
Analyst Ratings and Forecast Changes
The mean earnings estimate declined about 8.5% over the last three months. Eight analysts negatively revised estimates in the past 30 days. The average analyst rating is "hold," with a median 12-month price target of C$127.00, about 7.6% above the last close.
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