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

Canadian Tire

10/08/2023 16:59

* Canadian Tire Corporation Ltd  CTCa.TO  reported quarterly
adjusted earnings of C$3.08​​ per share for the quarter ended in
June. The mean expectation of seven analysts for the quarter was
for earnings of C$3.09 per share.
    * Revenue fell 3.4% to C$4.26 billion from a year ago;
analysts
expected C$4.26 billion. 
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Canadian Tire Corporation Ltd shares had fallen by 4.0%
this
quarter and gained 22.9% so far this year.
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$200.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 03:59 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      3.09           3.08           Missed
 Mar. 31 2023      1.31           1.00           Missed
 Dec. 31 2022      7.44           9.34           Beat
 Sep. 30 2022      3.92           3.34           Missed