Bullboard - Stock Discussion Forum ECN Capital Corp ECNNF

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

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

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TSX:ECN - Post Discussion

ECN Capital Corp > Overreaction?

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Post by retiredcf on Mar 26, 2023 9:05am

Overreaction?

In light of the nearly 20% decline following the results. GLTA

ECN reported EPS of $0.02, missing estimates of $0.036. Revenue of $52.4M missed estimates of $56.8M. Profit fell from $0.05 in the prior year. Finance originations fell 25%. No material comments were made about the strategic review. Managed assets were $4.4B vs $4.1B. EBITDA was $24.6M vs $31.4M. Because of the review there was no conference call. Although these were not great numbers, we think investors will look beyond these with the review ongoing. (5iResearch)

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