CES Energy Solutions Corp reports results for the quarter ended June 30 - Earnings Summary

• CES Energy Solutions Corp CEU reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of four analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 16 cents to 19 cents per share.

• Revenue rose 3.8% to C$573.99 million from a year ago; analysts expected C$572.85 million.

• CES Energy Solutions Corp's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of C$51.83 million.

• CES Energy Solutions Corp shares had risen by 9.5% this quarter and lost 26.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "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 CES Energy Solutions Corp is C$9.25, about 21.2% above its last closing price of C$7.29

This summary was machine generated from LSEG data August 8 at 04:48 a.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)