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

Canadian Tire

11/05/2023 14:33

* Canadian Tire Corporation Ltd  CTCa.TO  reported quarterly
adjusted earnings of C$1.00​​ per share for the quarter ended in
March. The mean expectation of seven analysts for the quarter
was for earnings of C$1.31 per share.
    * Revenue fell 3.4% to C$3.71 billion from a year ago;
analysts
expected C$3.64 billion. 
    * Canadian Tire Corporation Ltd's reported EPS for the
quarter was
13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Canadian Tire Corporation Ltd shares had fallen by 0.6%
this
quarter and gained 24.0% so far this year.
    * The company reported quarterly net income of C$7.8
million.
    * Wall Street's median 12-month price target for Canadian
Tire
Corporation Ltd is C$201.50 
    * 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 May
11 at 01:32 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      3.61           3.11           Missed