Corus Entertainment Inc reports results for the quarter ended in August - Earnings Summary

Corus Entertainment

21/10/2022 14:31

* Corus Entertainment Inc  CJRb.TO  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in August. The
mean expectation of eight analysts for the quarter was
for breakeven results per share.
    * Revenue fell 6% to C$339.59 million from a year ago;
analysts
expected C$344.21 million. 
    * Corus Entertainment Inc's reported EPS for the quarter was
a
loss of C$1.82​.
    * The mean earnings estimate of analysts had fallen by
about 22.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Corus Entertainment Inc shares had fallen by 5.5% this
quarter and lost 53.2% so far this year.
    * The company reported a quarterly loss of C$367.07 million.
    * Wall Street's median 12-month price target for Corus
Entertainment Inc is C$4.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
21 at 01:31 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2022      71.66 million  56.19 million  Missed
 May. 31 2022      129.94         131.87         Beat
                   million        million        
 Feb. 28 2022      92.05 million  86.56 million  Missed
 Nov. 30 2021      174.95         177.17         Beat
                   million        million