Canadian Tire Corporation Ltd expected to post earnings of C$1.31 a share - Earnings Preview

Canadian Tire

09/05/2023 16:55

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on May 11. 
    * The Toronto Ontario-based  company is expected to report 
a
5.2% decrease in revenue to C$3.636 billion from C$3.84 billion
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Canadian Tire
Corporation
Ltd is for earnings of C$1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$201.5​, above​ its last closing price
of C$175.79. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  7.42        7.44       9.34      Beat    25.5
 Sep. 30 2022  3.88        3.92       3.34      Missed  -14.8
 Jun. 30 2022  3.62        3.61       3.11      Missed  -13.9​
 Mar. 31 2022  1.69        1.74       3.06      Beat    75.7
 ​​Dec.        6.70        6.70       8.42      Beat    25.7
 31 2021                                                
 Sep. 30 2021  4.34        4.30       4.20      Missed  -2.3​
 Jun. 30 2021  2.84        2.88       3.72      Beat    29.4
 Mar. 31 2021  0.62        0.62       2.57      Beat    312.9
 This summary was machine generated May 9 at 15:55 GMT.  All
figures in Canadian dollars  unless otherwise stated