CCL Industries Inc expected to post earnings of C$1.01 a share - Earnings Preview

CCL Industries

07/05/2024 03:03

* CCL Industries Inc  CCLb.TO   is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The North York Ontario-based  company is expected to
report a
5.6% increase in revenue to C$1.745 billion from C$1.65 billion
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for CCL Industries Inc is
for
earnings of C$1.01 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CCL
Industries
Inc is C$81.00​, above​ its last closing price of C$71.49. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.87        0.88       0.74      Missed  -15.6
 Sep. 30 2023  0.97        0.97       0.94      Missed  -2.9
 Jun. 30 2023  0.89        0.89       0.88      Missed  -1.1​
 Mar. 31 2023  0.84        0.84       0.93      Beat    11.1
 ​​Dec.        0.82        0.85       0.83      Missed  -2.1
 31 2022                                                
 Sep. 30 2022  0.94        0.94       0.92      Missed  -2.1​
 Jun. 30 2022  0.86        0.86       0.94      Beat    8.9
 Mar. 31 2022  0.75        0.76       0.84      Beat    11.3
 This summary was machine generated May 7 at 02:03 GMT.  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)