Canadian Tire Corporation Ltd expected to post earnings of C$2.43 a share - Earnings Preview

Canadian Tire

06/08/2024 19:34

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Toronto Ontario-based  company is expected to report a
4.6% decrease in revenue to C$4.06 billion from C$4.26 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 C$2.43 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$152.50​, above​ its last closing price
of C$140.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.63        0.67       1.38      Beat    107.3
 Jan. 1 2024   4.85        4.86       3.38      Missed  -30.5
 Sep. 30 2023  3.31        3.29       2.96      Missed  -10.1​
 Jun. 30 2023  3.07        3.09       3.08      Missed  -0.5
 ​​Mar.        1.26        1.31       1.00      Missed  -23.4
 31 2023                                                
 Dec. 31 2022  7.42        7.44       9.34      Beat    25.5​
 Jan. 1 0001   3.88        3.92       3.34      Missed  -14.8
 Jan. 1 0001   3.62        3.61       3.11      Missed  -13.9
 This summary was machine generated August 6 at 18:33 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)