Desjardins Has Bearish Outlook for TSE:GDI FY2024 Earnings

GDI Integrated Facility Services Inc. (TSE:GDI) – Research analysts at Desjardins cut their FY2024 earnings per share estimates for GDI Integrated Facility Services in a research report issued to clients and investors on Wednesday, November 13th. Desjardins analyst F. Tremblay now expects that the company will earn $0.55 per share for the year, down from their prior forecast of $0.57. The consensus estimate for GDI Integrated Facility Services’ current full-year earnings is $1.30 per share. Desjardins also issued estimates for GDI Integrated Facility Services’ Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $1.19 EPS.

A number of other research analysts have also recently issued reports on the stock. National Bankshares lifted their price objective on shares of GDI Integrated Facility Services from C$38.50 to C$41.50 in a report on Thursday. Cormark decreased their price objective on GDI Integrated Facility Services from C$40.00 to C$39.00 in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, GDI Integrated Facility Services has an average rating of “Hold” and a consensus target price of C$42.75.

GDI Integrated Facility Services Stock Performance

TSE GDI opened at C$35.66 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.44 and a debt-to-equity ratio of 104.15. The company has a fifty day simple moving average of C$35.95 and a 200 day simple moving average of C$34.77. GDI Integrated Facility Services has a 12-month low of C$30.77 and a 12-month high of C$40.12. The company has a market cap of C$525.63 million, a P/E ratio of 51.68 and a beta of 1.03.

About GDI Integrated Facility Services

GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.