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

CI Financial

11/05/2023 14:31

* CI Financial Corp  CIX.TO  reported quarterly adjusted
earnings
of 74 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 78 cents per share.
    * Revenue rose 0.6% to C$637.82 million from a year ago;
analysts
expected C$626.36 million. 
    * CI Financial Corp's reported EPS for the quarter was 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * CI Financial Corp shares had fallen by 2.2% this
quarter and
lost 7.5% so far this year.
    * The company reported quarterly net income of C$29.97
million.
    * Wall Street's median 12-month price target for CI
Financial Corp
is C$19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.79           0.78           Missed