Cogeco Communications Inc reports results for the quarter ended in August 31 - Earnings Summary

Cogeco Communications

01/11/2024 02:59

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$1.94​​ per share for the quarter ended August 31,
lower than the same quarter last year, when the company reported
EPS of C$1.95.  The mean expectation of nine analysts for the
quarter was for earnings of C$1.92 per share. Wall Street
expected results to range from C$1.69  to C$2.32 per share.
    * Revenue rose 0.6% to C$747.75 million from a year ago;
analysts
expected C$749.72 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
$1.94​.
    * The company reported quarterly net income of $81.96
million.
    * Cogeco Communications Inc shares had fallen by 2.5% this
quarter and gained 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Cogeco
Communications Inc is 74.25 
This summary was machine generated from LSEG data November 1 at
02:59 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2024      1.92           1.94           Beat
 May. 31 2024      2.01           1.67           Missed
 Feb. 29 2024      1.91           2.20           Beat
 Nov. 30 2023      1.84           2.01           Beat