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

Cogeco Communications

11/01/2024 17:43

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$2.01​​ per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of C$2.44.  The mean expectation of
eight analysts for the quarter was for earnings of C$1.84 per
share. Wall Street expected results to range from C$1.63 
to C$2.08 per share.
    * Revenue fell 1.9% to C$747.69 million from a year ago;
analysts
expected C$751.44 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
C$2.01​.
    * The company reported quarterly net income of C$89.49
million.
    * Cogeco Communications Inc shares had risen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
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 3 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Cogeco
Communications Inc is C$67.50 

This summary was machine generated from LSEG data January 11 at
05:42 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
 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        
 Feb. 28 2023      353.15         351.22         Missed
                   million        million