Element Fleet Management (OTCMKTS:ELEEF) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Element Fleet Management (OTCMKTS:ELEEF) issued its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), Zacks reports. The company had revenue of $313.00 million for the quarter, compared to the consensus estimate of $317.79 million.

Element Fleet Management Price Performance

Shares of OTCMKTS ELEEF opened at $25.22 on Wednesday. Element Fleet Management has a fifty-two week low of $18.59 and a fifty-two week high of $27.57. The business has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $26.07.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ELEEF. Jefferies Financial Group raised Element Fleet Management to a “buy” rating in a research report on Monday. Raymond James Financial reiterated a “strong-buy” rating on shares of Element Fleet Management in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

About Element Fleet Management

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.