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ECN Capital (TSE:ECN)
:ECN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
-0.07Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: 34.75%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant financial growth and strategic successes across several business segments, especially in Triad Financial and RV Marine. However, challenges such as the impact of hurricanes on originations and refinancing concerns were also addressed. The overall sentiment leans positive due to strong operational performance and growth prospects, despite some external challenges.Company Guidance
During the ECN Capital Corp's Third Quarter 2024 Earnings Call, the company provided guidance emphasizing several key metrics. Steven Hudson, CEO, announced an EPS of $0.05, aligning with their guidance range of $0.04 to $0.06. Triad's operating income stood at $26.7 million, marking an $18.8 million increase from the previous year. The RV Marine business reported a 43% year-over-year increase in operating income, reaching $3.3 million. The company also highlighted the successful acquisition of Paramount Capital, enhancing their internal servicing capabilities. ECN Capital projects 2025 earnings per share between $0.19 and $0.25, supported by anticipated originations of $1.7 billion to $1.9 billion for Triad and $1.2 billion to $1.4 billion for RV Marine. Additionally, they expect to achieve $5.5 million to $6.5 million in cost savings through a corporate simplification plan. The call underscored the resilience of their operations despite disruptions from hurricanes, with originations showing signs of recovery.Best Quarter in Two Years
Achieved $0.05 EPS compared to the guidance of $0.04 to $0.06, marking the best quarter in two years.
Triad Financial Growth
Triad's operating income for the quarter reached $26.7 million, $18.8 million higher than Q3 of '23, driven by a 74% year-over-year increase in origination revenue.
RV Marine Business Growth
RV Marine operating income increased to $3.3 million, up 43% year-over-year, with originations up 30%.
Strong Origination and Approval Rates
Origination mix shifted towards high-margin Chattel, representing over 77% of total originations. Chattel approvals increased 17% year-over-year in Q3 and were up 39% year-over-year in October.
Successful Acquisition of Paramount Capital
The acquisition enhances internal servicing capabilities for RV Marine, consistent with ECN's strategy for developing noncyclic recurring revenue.
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TSE:ECN 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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TSE:ECN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$2.36 | C$2.92 | +23.73% |
| Aug 07, 2024 | C$2.05 | C$2.14 | +4.39% |
| May 09, 2024 | C$1.74 | C$1.97 | +13.22% |
| Mar 21, 2024 | C$2.37 | C$1.77 | -25.32% |
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 ECN Capital (TSE:ECN) report earnings?
ECN Capital (TSE:ECN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is ECN Capital (TSE:ECN) earnings time?
ECN Capital (TSE:ECN) earnings time is at Feb 26, 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 TSE:ECN EPS forecast?
TSE:ECN EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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