Canadian Tire Corporation Ltd reports results for the quarter ended in December - Earnings Summary

Canadian Tire

15/02/2024 12:45

* Canadian Tire Corporation Ltd  CTCa.TO  reported quarterly
adjusted earnings of C$3.38​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of C$9.34.  The mean expectation of
seven analysts for the quarter was for earnings of C$4.86 per
share. Wall Street expected results to range from C$4.13 
to C$5.35 per share.
    * Revenue fell 16.8% to C$4.44 billion from a year ago;
analysts
expected C$4.99 billion. 
    * Canadian Tire Corporation Ltd shares had risen by 0.1%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$159.00 

This summary was machine generated from LSEG data February 15 at
12:44 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.86           3.38           Missed
 Sep. 30 2023      3.29           2.96           Missed
 Jun. 30 2023      3.09           3.08           Missed
 Mar. 31 2023      1.31           1.00           Missed