CI Financial Corp reports results for the quarter ended in December - Earnings Summary

CI Financial

24/02/2023 14:32

* CI Financial Corp  CIX.TO  reported quarterly adjusted
earnings
of 88 cents​​ per share for the quarter ended in December. The
mean expectation of eight analysts for the quarter was
for earnings of 75 cents per share.
    * Revenue fell 18.7% to C$620.30 million from a year ago;
analysts
expected C$593.05 million. 
    * CI Financial Corp's reported EPS for the quarter was a
loss of 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * CI Financial Corp shares had risen by 13.2% this quarter.
    * The company reported a quarterly loss of C$9.5 million.
    * Wall Street's median 12-month price target for CI
Financial Corp
is C$19.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
24 at 02:32 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.75           0.88           Beat
 Sep. 30 2022      0.73           0.73           Met
 Jun. 30 2022      0.79           0.78           Missed
 Mar. 31 2022      0.84           0.85           Beat