Aritzia Inc reports results for the quarter ended in May - Earnings Summary

Aritzia

11/07/2024 22:52

* Aritzia Inc  ATZ.TO  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended in May, higher than the
same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 15 cents to 18 cents per share.
    * Revenue rose 7.8% to $498.63 million from a year ago;
analysts
expected $486.43 million. 
    * Aritzia Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $15.83
million.
    * Aritzia Inc shares had risen by 6.6% this quarter and
gained 50.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Aritzia Inc is
C$44.50 
This summary was machine generated from LSEG data July 11 at
09:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      0.16           0.22           Beat
 Feb. 29 2024      0.32           0.34           Beat
 Nov. 30 2023      0.41           0.47           Beat
 Aug. 31 2023      -0.04          0.03           Beat