CI Financial Corp expected to post earnings of 89 cents a share - Earnings Preview

CI Financial

12/11/2024 13:52

* CI Financial Corp  CIX.TO   is expected to show a rise in
quarterly revenue when it reports  results on November 14 for
the period ending September 30 2024
    * The Toronto Ontario-based  company is expected to report a
21.2% increase in revenue to $747.3 million from $616.53 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 89 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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$23.00​, below​ its last closing price of C$24.03. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.85        0.86       0.90      Beat    0.4
 Mar. 31 0001              0.86       0.86      Met     0.4
 Jan. 1 0001   0.80        0.80       0.81      Beat    1.3​
 Sep. 30 2023  0.80        0.78       0.81      Beat    
 ​​Jan.        0.78        0.78       0.76      Missed  
 1 0001                                                 
 Mar. 31 2023  0.78        0.78       0.74      Missed  -4.5​
 Dec. 31 2022  0.75        0.75       0.88      Beat    17.7
 Jan. 1 0001   0.74        0.73       0.73      Met     -0.2
 This summary was machine generated November 12 at 13:52 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)