CI Financial Corp expected to post earnings of 78  cents a share - Earnings Preview

CI Financial

09/05/2023 13:49

* CI Financial Corp  CIX.TO   is expected to show a fall in
quarterly revenue when it reports  results on May 11. 
    * The Toronto Ontario-based  company is expected to report 
a
1.2% decrease in revenue to C$626.361 million from C$633.75
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CI Financial Corp
is for
earnings of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for CI
Financial Corp
is C$19​, above​ its last closing price of C$12.75. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.75        0.75       0.88      Beat    17.7
 Sep. 30 2022  0.74        0.73       0.73      Met     -0.2
 Jun. 30 2022  0.78        0.79       0.78      Missed  -1.7​
 Mar. 31 2022  0.86        0.84       0.85      Beat    1
 ​​Dec.        0.86        0.86       0.87      Beat    1.7
 31 2021                                                
 Sep. 30 2021  0.79        0.79       0.79      Met     -0.4​
 Jun. 30 2021  0.75        0.75       0.74      Missed  -0.9
 Mar. 31 2021  0.68        0.66       0.72      Beat    9.7
 This summary was machine generated May 9 at 12:49 GMT.  All
figures in Canadian dollars  unless otherwise stated