Cogeco Communications Inc expected to post earnings of C$1.80 a share - Earnings Preview

Cogeco Communications

08/01/2024 21:04

* Cogeco Communications Inc  CCA.TO   is expected to show a
fall
in quarterly revenue when it reports  results on January 10 for
the period ending August 31 2023
    * The Montreal Quebec-based  company is expected to report a
1.5% decrease in revenue to C$750.547 million from C$762.3
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cogeco Communications
Inc is
for earnings of C$1.80 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Cogeco
Communications Inc is C$67.50​, above​ its last closing price
of C$59.83. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  357.42      352.40                       
               million     million                      
 May. 31 2023  347.03      347.35     351.33    Beat    1.1
               million     million    million           
 Feb. 28 2023  353.33      353.15     351.22    Missed  -0.5​
               million     million    million           
 Nov. 30 2022  358.01      357.63     367.22    Beat    2.7
               million     million    million           
 ​​Aug.        342.24      341.85     347.07    Beat    1.5
 31 2022       million     million    million           
 May. 31 2022  345.47      346.01     347.61    Beat    0.5​
               million     million    million           
 Feb. 28 2022  348.08      348.13     349.09    Beat    0.3
               million     million    million           
 Nov. 30 2021  340.73      340.31     349.29    Beat    2.6
               million     million    million           
 This summary was machine generated January 8 at 21:04 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)