Canadian Tire Corporation Ltd expected to post earnings of C$3.09 a share - Earnings Preview

Canadian Tire

08/08/2023 16:43

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on August
10. 
    * The Toronto Ontario-based  company is expected to report 
a
3.3% decrease in revenue to C$4.259 billion from C$4.4 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Canadian Tire
Corporation
Ltd is for earnings of C$3.09 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$200​, above​ its last closing price
of C$178.75. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.26        1.31       1.00      Missed  -23.4
 Dec. 31 2023  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.        1.69        1.74       3.06      Beat    75.7
 31 2022                                                
 Dec. 31 2021  6.70        6.70       8.42      Beat    25.7​
 Sep. 30 2021  4.34        4.30       4.20      Missed  -2.3
 Jun. 30 2021  2.84        2.88       3.72      Beat    29.4
 This summary was machine generated August 8 at 15:43 GMT.  All
figures in Canadian dollars  unless otherwise stated