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  5. EFN: Hi, Any thoughts on the negative market reaction to these two ompanies, when results looked reasonably good? [Element Fleet Management Corp.]
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Q: Hi, Any thoughts on the negative market reaction to these two ompanies, when results looked reasonably good? Cheers, Chris
Asked by Christopher on February 29, 2024
5i Research Answer:

EFN EPS of 33c matched estimates; revenue of $333.4M was marginally better. EPS guidance for the year is $1.41 to $1.46, vs estimates of $1.45. Originations rose 36%. Operating margins rose 1.1 percentage points. Returns to shareholders were $344M. Revenue rose 14%. Most metrics were at records. We would consider the results fairly good overall. 

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