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

Cogeco Communications

12/04/2024 07:51

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$2.20​​ per share for the quarter ended in
February, higher than the same quarter last year, when the
company reported EPS of C$2.19.  The mean expectation of
eight analysts for the quarter was for earnings of C$1.91 per
share. Wall Street expected results to range from C$1.75 
to C$2.03 per share.
    * Revenue fell 0.8% to C$730.50 million from a year ago;
analysts
expected C$734.87 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
C$2.20​.
    * The company reported quarterly net income of C$93.68
million.
    * Cogeco Communications Inc shares had fallen by 7.6% this
quarter and lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Cogeco
Communications Inc is C$66.50 

This summary was machine generated from LSEG data April 12 at
06:50 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
 Feb. 29 2024      345.75         347.11         Beat
                   million        million        
 Nov. 30 2023      348.61         358.96         Beat
                   million        million        
 Aug. 31 2023      352.40         336.07         Missed
                   million        million        
 May. 31 2023      347.35         351.33         Beat
                   million        million