Cogeco Communications Inc expected to post earnings of C$1.91 a share - Earnings Preview

Cogeco Communications

09/04/2024 21:05

* Cogeco Communications Inc  CCA.TO   is expected to show a
fall
in quarterly revenue when it reports  results on April 11 for
the period ending February 29 2024
    * The Montreal Quebec-based  company is expected to report a
0.2% decrease in revenue to C$734.873 million from C$736.65
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cogeco Communications
Inc is
for earnings of C$1.91 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "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 Cogeco
Communications Inc is C$67.50​, above​ its last closing price
of C$57.23. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  348.98      348.61     358.96    Beat    3
               million     million    million           
 Aug. 31 2023  354.40      352.40     336.07    Missed  -4.6
               million     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.        358.01      357.63     367.22    Beat    2.7
 30 2022       million     million    million           
 Aug. 31 2022  342.24      341.85     347.07    Beat    1.5​
               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           
 This summary was machine generated April 9 at 20:05 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)