Yahoo Finance Element Fleet Management Full Year 2022 Earnings: Beats Expectations
Element Fleet Management (TSE:EFN) Full Year 2022 Results
Key Financial Results
Revenue: CA$1.68b (up 15% from FY 2021).
Net income: CA$381.6m (up 18% from FY 2021).
Profit margin: 23% (in line with FY 2021).
EPS: CA$0.96 (up from CA$0.77 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Element Fleet Management Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%.
Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in North America are expected to grow by 5.6%.
Performance of the market in Canada.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Element Fleet Management you should be aware of, and 1 of them is concerning.
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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.
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