Cogeco Communications Inc reports results for the quarter ended November 30 - Earnings Summary

Cogeco Communications

13/01/2025 23:35

* Cogeco Communications Inc  CCA.TO  reported quarterly
adjusted
earnings of C$2.38​​ per share for the quarter ended November
30, higher than the same quarter last year, when the company
reported EPS of C$2.01.  The mean expectation of nine analysts
for the quarter was for earnings of C$2.04 per share. Wall
Street expected results to range from C$1.87  to C$2.19 per
share.
    * Revenue fell 1.2% to C$738.70 million from a year ago;
analysts
expected C$742.72 million. 
    * Cogeco Communications Inc's reported EPS for the quarter
was
C$2.38​.
    * The company reported quarterly net income of C$100.59
million.
    * Cogeco Communications Inc shares had risen by 0.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 C$78.25 
This summary was machine generated from LSEG data January 13 at
11:33 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 2024      2.04           2.38           Beat
 Aug. 31 2024      1.92           1.94           Beat
 May. 31 2024      2.01           1.67           Missed
 Feb. 29 2024      1.91           2.20           Beat