Canadian Tire Corporation Ltd expected to post earnings of C$4.84 a share - Earnings Preview

Canadian Tire

12/02/2024 13:35

* Canadian Tire Corporation Ltd  CTCa.TO   is expected
to show a
fall in quarterly revenue when it reports  results on February
14 (estimated) for the period ending December 31 2023
    * The Toronto Ontario-based  company is expected to report a
6.6% decrease in revenue to C$4.986 billion from C$5.34 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$4.84 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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$159.00​, above​ its last closing price
of C$141.02. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  1.26        1.31       1.00      Missed  -23.4​
 Dec. 31 2022  7.42        7.44       9.34      Beat    25.5
 ​​Sep.        3.88        3.92       3.34      Missed  -14.8
 30 2022                                                
 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. 31 2021  6.70        6.70       8.42      Beat    25.7
 This summary was machine generated February 12 at 13:35 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)