Overview

* ECN Capital ( ECNCF ) Q3 adjusted EPS meets consensus at $0.06 per share

* Adjusted EBITDA for Q3 beats analyst estimates

* Adjusted net income for Q3 misses analyst expectations

Result Drivers

* ORIGINATIONS GROWTH - Increased originations in Manufactured Housing and RV and Marine segments drove Q3 results

* SALES UPGRADES - Sales upgrades in Manufactured Housing and RV and Marine segments are yielding positive results, per CEO Steven Hudson

* ASSET EXPANSION - Managed assets grew to $8.2 bln from $7.6 bln in the previous quarter, indicating asset base expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Meet $0.06 $0.06 (3

Adjusted Analysts

EPS )

Q3 Miss $16.70 $23 mln

Adjusted mln (1

Net Analyst)

Income

Q3 Net $11.20

Income mln

Q3 Beat $40.60 $37.50

Adjusted mln mln (2

EBITDA Analysts

)

Q3 $34 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy."

* Wall Street's median 12-month price target for ECN Capital Corp ( ECNCF ) is C$3.25, about 15.4% above its November 12 closing price of C$2.75

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)