- Finning International reported total revenue of C$2.61 billion for the second quarter, reflecting an 11% decrease from the previous year.
- New Equipment net revenue stood at C$982 million, a slight increase of 0.3% year-over-year, but below the estimated C$1.02 billion.
- Used Equipment net revenue was C$83 million, which represents a significant decline of 43% compared to the previous year and fell short of the C$112.2 million estimate.
- Equipment Rental net revenue experienced a 4.3% increase year-over-year, reaching C$73 million, surpassing the C$72.1 million estimate.
- The adjusted earnings per share (EPS) for the quarter was C$1.01, marginally lower than C$1.02 from the previous year and below the C$1.09 estimate.
- Analyst recommendations include 8 buy ratings and 1 hold, with no sell ratings.
A look at Finning International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Finning International Inc., a company specializing in the sales, financing, and servicing of Caterpillar equipment, faces a mixed outlook according to Smartkarma Smart Scores. With a solid Momentum score of 5 indicating positive market momentum, Finning International shows strength in this aspect. Additionally, the company scores an average of 3 across Value, Dividend, Growth, and Resilience factors, suggesting stability and moderate performance in these areas.
Operating primarily in Western Canada, the United Kingdom, and Chile, Finning International‘s overall outlook appears optimistic based on its Momentum score. While there are areas for potential growth and improvement, such as Value, Dividend, Growth, and Resilience where the company scores a 3, it is the strong Momentum score of 5 that stands out, indicating favorable market sentiment towards the company’s future prospects.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
