Canadian Tire Corporation Ltd expected to post earnings of 67 cents a share - Earnings Preview

Canadian Tire

07/05/2024 11:02

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The Toronto Ontario-based  company is expected to report a
5.2% decrease in revenue to $3.514 billion from $3.71 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Canadian Tire
Corporation Ltd
is for earnings of 67 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$150.00​, above​ its last closing price
of C$136.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  4.85        4.86       3.38      Missed  -30.5
 Jan. 1 2023   3.31        3.29       2.96      Missed  -10.1
 Jun. 30 2023  3.07        3.09       3.08      Missed  -0.5​
 Mar. 31 2023  1.26        1.31       1.00      Missed  -23.4
 ​​Dec.        7.42        7.44       9.34      Beat    25.5
 31 2022                                                
 Sep. 30 2022  3.88        3.92       3.34      Missed  -14.8​
 Jan. 1 0001   3.62        3.61       3.11      Missed  -13.9
 Mar. 31 2022  1.69        1.74       3.06      Beat    75.7
 This summary was machine generated May 7 at 10:02 GMT.  All
figures in Canadian 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)