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

Canadian Tire

09/05/2024 14:00

* Canadian Tire Corporation Ltd  CTCa.TO  reported quarterly
adjusted earnings of C$1.38​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of C$1.00.  The mean expectation of seven analysts
for the quarter was for earnings of 67 cents per share. Wall
Street expected results to range from 52 cents to $1.01 per
share.
    * Revenue fell 4.9% to C$3.52 billion from a year ago;
analysts
expected C$3.51 billion. 
    * Canadian Tire Corporation Ltd's reported EPS for the
quarter was
C$1.38​.
    * The company reported quarterly net income of C$76.8
million.
    * Canadian Tire Corporation Ltd shares had risen by 0.9%
this
quarter and lost 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is also "hold"

Wall Street's median 12-month price target for Canadian Tire
Corporation Ltd is C$150.00 
This summary was machine generated from LSEG data May 9 at 12:59
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
 Mar. 31 2024      0.67           1.38           Beat
 Dec. 31 2023      4.86           3.38           Missed
 Sep. 30 2023      3.29           2.96           Missed
 Jun. 30 2023      3.09           3.08           Missed