Canadian Tire Corporation Ltd expected to post earnings of C$3.02 a share - Earnings Preview

Canadian Tire

06/11/2024 14:30

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on November 7
for the period ending September 30 2024
    * The Toronto Ontario-based  company is expected to report a
2.5% decrease in revenue to C$4.145 billion from C$4.25 billion
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Canadian Tire
Corporation Ltd
is for earnings of C$3.02 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$160.00​, above​ its last closing price
of C$150.32. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.38        2.42       3.56      Beat    47.1
 Mar. 31 2024  0.63        0.67       1.38      Beat    107.3
 Dec. 31 2023  4.85        4.86       3.38      Missed  -30.5​
 Sep. 30 2023  3.31        3.29       2.96      Missed  -10.1
 ​​Jun.        3.07        3.09       3.08      Missed  -0.5
 30 2023                                                
 Mar. 31 2023  1.26        1.31       1.00      Missed  -23.4​
 Dec. 31 2022  7.42        7.44       9.34      Beat    25.5
 Sep. 30 2022  3.88        3.92       3.34      Missed  -14.8
 This summary was machine generated November 6 at 14:30 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)