CI Financial Corp expected to post earnings of 80  cents a share - Earnings Preview

CI Financial

08/08/2023 19:33

* CI Financial Corp  CIX.TO   is expected to show a rise in
quarterly revenue when it reports  results on August 10. 
    * The Toronto Ontario-based  company is expected to report 
a
14.8% increase in revenue to C$650.578 million from C$566.66
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CI Financial Corp
is for
earnings of 80 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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 CI
Financial Corp
is C$20​, above​ its last closing price of C$16.82. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.78        0.78       0.74      Missed  -4.5
 Dec. 31 2023  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.        0.86        0.84       0.85      Beat    1
 31 2022                                                
 Dec. 31 2021  0.86        0.86       0.87      Beat    1.7​
 Sep. 30 2021  0.79        0.79       0.79      Met     -0.4
 Jun. 30 2021  0.75        0.75       0.74      Missed  -0.9
 This summary was machine generated August 8 at 18:33 GMT.  All
figures in Canadian dollars  unless otherwise stated