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

Cogeco Communications

11/07/2024 22:53

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$1.67​​ per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of C$2.34.  The mean expectation of nine analysts for the
quarter was for earnings of C$2.01 per share. Wall Street
expected results to range from C$1.61  to C$2.30 per share.
    * Revenue rose 1.2% to $750.58 million from a year ago;
analysts
expected C$743.79 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
$1.67​.
    * The company reported quarterly net income of C$70.4
million.
    * Cogeco Communications Inc shares had fallen by 0.7% this
quarter and lost 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for Cogeco
Communications Inc is C$64.50 
This summary was machine generated from LSEG data July 11 at
09:53 p.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
 May. 31 2024      352.21         365.82         Beat
                   million        million        
 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