Enerflex Ltd reports results for the quarter ended June 30 - Earnings Summary

• Enerflex Ltd EFX reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of four analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 11 cents to 17 cents per share.

• Revenue rose 0.2% to $615.00 million from a year ago; analysts expected $563.52 million.

• Enerflex Ltd's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $60 million.

• Enerflex Ltd shares had risen by 3.1% this quarter and lost 22.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Enerflex Ltd is C$15.00, about 26.1% above its last closing price of C$11.08

This summary was machine generated from LSEG data August 7 at 03:30 p.m. UTC. ​All figures in US 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)