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Element Fleet Management Corp. (ELEEF)
:ELEEF
Holding ELEEF?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.24Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -1.84%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance and strategic growth initiatives, notably through client acquisition, increased service penetration, and strategic acquisitions. However, challenges were noted in increased operating expenses and currency impacts. Overall, the positive aspects outweigh the negatives.Company Guidance
During the Q3 2024 earnings call, Element Fleet Management provided robust financial guidance, highlighting significant achievements and future expectations. The company reported double-digit year-over-year growth in net revenue, adjusted EPS, and adjusted free cash flow per share, with net revenue increasing by 12% to $280 million and adjusted operating income reaching $161 million, up 15% year-over-year. The firm also raised its annual common dividend to CAD 0.52. Looking ahead to 2025, Element anticipates net revenue growth of 6.5% to 8.5%, with potential high single to low double-digit increases in adjusted operating income, EPS, and free cash flow per share. This growth outlook is supported by strategic initiatives, including the recent acquisition of Autofleet, which will aid in accelerating digitization and expanding services. The company also plans to enhance shareholder returns through a renewed focus on share repurchases, following the redemption of preferred shares, and expects to maintain a strong effective tax rate of approximately 25%.Strong Financial Performance
Element Fleet Management reported double-digit year-over-year growth in net revenue (12%), adjusted EPS (12%), and adjusted free cash flow per share (13%).
Client and Service Expansion
Element added 38 new clients this quarter, 42% of which were self-managed conversions, and increased services penetration and utilization rates.
Strategic Acquisition
Completed the acquisition of Autofleet, enhancing digitization and automation efforts in fleet management.
Syndication Growth
Syndicated $1 billion of assets for the second consecutive quarter, with syndication volumes up 32% year-over-year.
Dividend Increase
Increased the annual common dividend by 8% to CAD 0.52.
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ELEEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELEEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $20.10 | $19.11 | -4.93% |
| Aug 13, 2024 | $18.40 | $19.66 | +6.85% |
| May 14, 2024 | $16.32 | $17.32 | +6.13% |
| Feb 27, 2024 | $16.72 | $16.30 | -2.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Element Fleet Management Corp. (ELEEF) report earnings?
Element Fleet Management Corp. (ELEEF) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Element Fleet Management Corp. (ELEEF) earnings time?
Element Fleet Management Corp. (ELEEF) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELEEF EPS forecast?
ELEEF EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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