Canadian Tire Corporation Ltd reports results for the quarter ended in September 30 - Earnings Summary

Canadian Tire

07/11/2024 14:37

* Canadian Tire Corporation Ltd  CTCa.TO  reported quarterly
adjusted earnings of C$3.59​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of C$2.96.  The mean expectation of
seven analysts for the quarter was for earnings of C$3.02 per
share. Wall Street expected results to range from $2.71 
to C$3.64 per share.
    * Revenue fell 1.4% to $4.19 billion from a year ago;
analysts
expected $4.15 billion. 
    * Canadian Tire Corporation Ltd's reported EPS for the
quarter was
C$3.59​.
    * The company reported quarterly net income of C$200.6
million.
    * Canadian Tire Corporation Ltd shares had fallen by 7.6%
this
quarter and gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.6%
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 160.00 
This summary was machine generated from LSEG data November 7 at
02:37 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
 Sep. 30 2024      3.02           3.59           Beat
 Jun. 30 2024      2.42           3.56           Beat
 Mar. 31 2024      0.67                          
 Dec. 31 2023      4.86