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

CI Financial

10/08/2023 14:33

* CI Financial Corp  CIX.TO  reported quarterly adjusted
earnings
of 76 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 78 cents per share.
    * Revenue rose 37% to C$776.08 million from a year ago;
analysts
expected C$650.58 million. 
    * CI Financial Corp's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * CI Financial Corp shares had risen by 10.6% this
quarter and
gained 23.2% so far this year.
    * The company reported quarterly net income of C$50.95
million.
    * Wall Street's median 12-month price target for CI
Financial Corp
is C$20.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 01:32 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.78           0.76           Missed
 Mar. 31 2023      0.78           0.74           Missed
 Dec. 31 2022      0.75           0.88           Beat
 Sep. 30 2022      0.73           0.73           Met