Mullen Group Ltd (TSX:MTL, Financial) is set to release its Q3 2024 earnings on Oct 24, 2024. The consensus estimate for Q3 2024 revenue is $521.34 million, and the earnings are expected to come in at $0.35 per share. The full year 2024's revenue is expected to be $2.00 billion and the earnings are expected to be $1.27 per share. More detailed estimate data can be found on the Forecast page.
Mullen Group Ltd (TSX:MTL, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Mullen Group Ltd (TSX:MTL) have declined from $2.01 billion to $2.00 billion for the full year 2024, and from $2.12 billion to $2.10 billion for 2025. Earnings estimates have increased from $1.23 per share to $1.27 per share for the full year 2024, but have declined from $1.40 per share to $1.38 per share for 2025.
Mullen Group Ltd (TSX:MTL, Financial) Reported History
In the previous quarter of 2024-06-30, Mullen Group Ltd's (TSX:MTL) actual revenue was $495.60 million, which beat analysts' revenue expectations of $490.76 million by 0.99%. Mullen Group Ltd's (TSX:MTL) actual earnings were $0.36 per share, which beat analysts' earnings expectations of $0.28 per share by 26.76%. After releasing the results, Mullen Group Ltd (TSX:MTL) was up by 9.27% in one day.
Mullen Group Ltd (TSX:MTL, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 10 analysts, the average target price for Mullen Group Ltd (TSX:MTL) is $18.13 with a high estimate of $21 and a low estimate of $16.50. The average target implies an upside of 26.93% from the current price of $14.28.
Based on GuruFocus estimates, the estimated GF Value for Mullen Group Ltd (TSX:MTL, Financial) in one year is $16.11, suggesting an upside of 12.82% from the current price of $14.28.
Based on the consensus recommendation from 10 brokerage firms, Mullen Group Ltd's (TSX:MTL, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
