Scotiabank Issues Pessimistic Forecast for TSE:GFL Earnings

GFL Environmental Inc. (TSE:GFL) – Scotiabank cut their FY2027 EPS estimates for GFL Environmental in a research note issued to investors on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.40 for the year, down from their prior forecast of $1.53. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share.

GFL Environmental (TSE:GFL) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C$1.69 billion for the quarter. GFL Environmental had a negative net margin of 7.55% and a negative return on equity of 8.41%.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company upgraded GFL Environmental to a “strong-buy” rating in a report on Thursday, November 13th. The Goldman Sachs Group upgraded shares of GFL Environmental to a “hold” rating in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

GFL Environmental Stock Down 1.9%

TSE:GFL opened at C$58.40 on Friday. GFL Environmental has a 52 week low of C$55.74 and a 52 week high of C$71.82. The stock’s fifty day moving average is C$59.15 and its two-hundred day moving average is C$62.84. The stock has a market capitalization of C$20.32 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of -0.76 and a beta of 0.05. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75.

About GFL Environmental

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.