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

Cogeco Communications

13/07/2023 23:32

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$2.34​​ per share for the quarter ended in May. The
mean expectation of eight analysts for the quarter was
for earnings of C$1.99 per share.
    * Revenue rose 1.9% to C$741.79 million from a year ago;
analysts
expected C$741.31 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
C$2.16​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cogeco Communications Inc shares had fallen by 1.3% this
quarter and lost 9.1% so far this year.
    * The company reported quarterly net income of C$95.89
million.
    * Wall Street's median 12-month price target for Cogeco
Communications Inc is C$75.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
13 at 10:30 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      347.35         351.33         Beat
                   million        million        
 Feb. 28 2023      353.15         351.22         Missed
                   million        million        
 Nov. 30 2022      357.63         367.22         Beat
                   million        million        
 Aug. 31 2022      341.85         347.07         Beat
                   million        million