Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN.PR.C

Primary Symbol: T.ECN Alternate Symbol(s): ECNCF | ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial... see more

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ECN Capital Corp > Further insight from Tom MacKinnon

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Post by Blueswin on Nov 02, 2022 4:20pm

Further insight from Tom MacKinnon

In his Q3 2022 earnings preview for ECN Capital, BMO Research's Tom MacKinnon is looking for Q3/22E operating EPS (f.d.) of US$0.06 vs. US$0.08 consensus, and guidance, ex. divested Kessler Group, estimated to be US$0.04-US$0.05.

"We lower H2/22 and 2023E operating EPS by 18% and 11%, respectively, reflecting impact of Hurricane Ian on TFS originations, seasonality, and the potential impact of higher mortgage rates on TFS originations."

Maintain Outperform, lowering TP to $6 from $7.50.

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