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ECN Capital Corp. (TSE:ECN)
TSX:ECN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -22.52%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in RV & Marine segment growth and debt reduction, but was overshadowed by the impact of severe weather on originations and deferred asset sales. Despite these challenges, the company remains optimistic about its growth prospects in 2025.Company Guidance
During the ECN Capital Fourth Quarter 2024 Results Conference Call, the guidance provided for 2025 included several key financial metrics and strategic goals. The company anticipates a notable increase in originations, with expectations set at $1.7 billion to $1.9 billion for the Manufactured Housing segment and $1.2 billion to $1.4 billion for the RV and Marine segment. The origination revenue yield for Manufactured Housing is projected to be 6.5%, and the RV and Marine segment aims to achieve total revenue between $54 million and $66 million. ECN Capital also plans to reduce its finance assets to a range of $400 million to $600 million and maintain total debt between $500 million and $700 million. They are targeting an adjusted EPS of $0.19 to $0.25 for 2025. The company highlighted significant improvements in operational efficiencies, particularly in its loan origination systems and dealer portal, which are expected to contribute to strong financial performance in the coming year.Record RV & Marine Originations
Originations reached $199 million, marking a 54% year-over-year increase, and the creation of a securitization vehicle promises further growth and profitability in 2025.
Significant Deleveraging
The company achieved a $325 million reduction in debt, significantly deleveraging the balance sheet.
Manufactured Housing Operating Income Surge
Fourth quarter operating income for Manufactured Housing was $17.2 million, $16.8 million higher than the previous quarter.
Strong Credit Performance
Credit performance remained robust with delinquencies within expectations and managed assets continuing to grow.
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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 |
|---|---|---|---|
| Feb 27, 2025 | C$3.33 | C$2.99 | -10.21% |
| Nov 07, 2024 | C$2.35 | C$2.91 | +23.83% |
| Aug 07, 2024 | C$2.04 | C$2.13 | +4.41% |
| May 09, 2024 | C$1.73 | C$1.96 | +13.29% |
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 Corp. (TSE:ECN) report earnings?
ECN Capital Corp. (TSE:ECN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is ECN Capital Corp. (TSE:ECN) earnings time?
ECN Capital Corp. (TSE:ECN) earnings time is at May 08, 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 2025 (Q1) is 0.04.
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