CCL Industries Inc reports results for the quarter ended in December - Earnings Summary

CCL Industries

23/02/2024 03:04

* CCL Industries Inc  CCLb.TO  reported quarterly adjusted
earnings of 74 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 88 cents per
share. Wall Street expected results to range from 82 cents to 91
cents per share.
    * Revenue rose 4.7% to C$1.66 billion from a year ago;
analysts
expected C$1.65 billion. 
    * CCL Industries Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of C$38.8
million.
    * CCL Industries Inc shares had fallen by 2.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for CCL Industries
Inc is C$75.00 
This summary was machine generated from LSEG data February 23 at
03:03 a.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
 Dec. 31 2023      0.88           0.74           Missed
 Sep. 30 2023      0.97           0.94           Missed
 Jun. 30 2023      0.89           0.88           Missed
 Mar. 31 2023      0.84           0.93           Beat