Cogeco Communications Inc expected to post earnings of C$1.96 a share - Earnings Preview

Cogeco Communications

30/10/2023 22:34

* Cogeco Communications Inc  CCA.TO   is expected to show a
rise
in quarterly revenue when it reports  results on November 1. 
    * The Montreal Quebec-based  company is expected to report 
a
4.0% increase in revenue to C$754.276 million from C$725.45
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cogeco
Communications Inc
is for earnings of C$1.96 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 2 "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$75​, above​ its last closing price
of C$55.25. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  342.24      341.85     347.07    Beat    1.5
               million     million    million           
 ​​May.        345.47      346.01     347.61    Beat    0.5
 31 2022       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           
 Aug. 31 2021  296.75      297.57     290.57    Missed  -2.4
               million     million    million           
 This summary was machine generated October 30 at 22:34 GMT.  All
figures in Canadian dollars  unless otherwise stated