National Bank Financial research analysts cut earnings estimates for WSP Global Inc. (TSE:WSP)

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WSP Global Inc. (TSE:WSP – Get Rating) – Equity researchers at National Bank Financial have reduced their earnings per share estimates for WSP Global’s fiscal year 2023 in a research note published on Sunday, September 25. National Bank Financial analyst Sytchev now expects the company to post earnings of $6.43 per share for the year, down from its previous forecast of $6.75. The consensus estimate of WSP Global’s current annual earnings is $6.75 per share.

A number of other research analysts also weighed in on WSP. Canaccord Genuity Group reduced its price target on WSP Global shares from C$200.00 to C$190.00 in a Thursday, June 2 research report. National Bankshares cut its price target on WSP Global shares from C$188.00 to C$181.00 and set an “outperform” rating for the stock in a research report on Monday. Raymond James raised its price target on WSP Global from C$185.00 to C$195.00 and gave the stock an “outperform” rating in a Wednesday, August 17 research report. Royal Bank of Canada raised its price target on WSP Global from C$197.00 to C$199.00 and gave the stock an “outperform” rating in a Thursday, June 2 research report. Finally, BMO Capital Markets raised its target price on WSP Global from CA$178.00 to CA$180.00 in a Wednesday, August 17 research report. Seven research analysts rated the stock with a buy rating. According to MarketBeat, WSP Global has an average rating of “Buy” and an average target price of C$185.33.

WSP Global Trading down 3.5%

Shares of TSE:WSP opened at C$144.08 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt ratio of 59.20. The stock has a market capitalization of C$17.91 billion and a PE ratio of 37.82. The company has a fifty-day moving average price of C$156.49 and a 200-day moving average price of C$151.94. WSP Global has a 1-year low of C$130.65 and a 1-year high of C$187.94.

WSP Global (TSE:WSP – Get Rating) last released its results on Monday August 8th. The company reported earnings per share (EPS) of C$1.30 for the quarter, beating analyst consensus estimates of C$1.28 by C$0.02. The company posted revenue of C$2.11 billion in the quarter, while analysts had expected C$2.12 billion.

WSP Global Company Profile

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WSP Global Inc operates as a professional services consulting firm in the United States, Canada, United Kingdom, Sweden, Australia and internationally. It advises, plans, designs and manages rail, air, road, bridge, tunnel, hydraulic, maritime and urban infrastructure projects for public and private clients, construction contractors and other partners.

Further reading

Earnings history and estimates for WSP Global (TSE:WSP)

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