CI Financial Corp expected to post earnings of 86 cents a share - Earnings Preview

CI Financial

06/08/2024 19:36

* CI Financial Corp  CIX.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Toronto Ontario-based  company is expected to report a
8.1% decrease in revenue to C$712.95 million from C$776.08
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for CI Financial Corp is for
earnings of 86 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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$20.00​, above​ its last closing price of C$16.05. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.85        0.86       0.86      Met     0.4
 Dec. 31 2024  0.80        0.80       0.81      Beat    1.3
 Sep. 30 2023  0.80        0.80       0.81      Beat    1​
 Jun. 30 2023  0.78        0.78       0.76      Missed  -3
 ​​Mar.        0.78        0.78       0.74      Missed  -4.5
 31 2023                                                
 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
 This summary was machine generated August 6 at 18:35 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)