TerraVest Industries Inc reports results for the quarter ended June 30 - Earnings Summary

• TerraVest Industries Inc TVK reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of five analysts for the quarter was for earnings of 99 cents per share. Wall Street expected results to range from 78 cents to C$1.28 per share.

• Revenue rose 70.4% to C$405.71 million from a year ago; analysts expected C$425.87 million.

• TerraVest Industries Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of C$11.25 million.

• TerraVest Industries Inc shares had fallen by 11.3% this quarter and gained 34.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23% 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 4 "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 TerraVest Industries Inc is C$182.50, about 17.8% above its last closing price of C$150.01

This summary was machine generated from LSEG data August 14 at 11:45 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)