WSP Global Inc reports results for the quarter ended June 30 - Earnings Summary

• WSP Global Inc WSP reported quarterly adjusted earnings of C$2.35​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$1.89. The mean expectation of thirteen analysts for the quarter was for earnings of C$2.27 per share. Wall Street expected results to range from C$1.88 to C$2.41 per share.

• Revenue rose 14.6% to C$4.51 billion from a year ago; analysts expected C$3.49 billion.

• WSP Global Inc's reported EPS for the quarter was C$2.14​.

• The company reported quarterly net income of C$279.4 million.

• WSP Global Inc shares had risen by 2.7% this quarter and gained 12.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for WSP Global Inc is C$299.50, about 5% above its last closing price of C$284.47

This summary was machine generated from LSEG data August 6 at 11:31 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)