Definity Financial Corp reports results for the quarter ended in June - Earnings Summary

Definity Financial

04/08/2023 14:34

* Definity Financial Corp  DFY.TO  reported quarterly
adjusted
earnings of 56 cents​​ per share for the quarter ended in June.
The mean expectation of eleven analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue rose 19.3% to C$954.90 million from a year ago;
analysts
expected C$898.00 million. 
    * Definity Financial Corp's reported EPS for the quarter was
61
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Definity Financial Corp shares had fallen by 7.8% this
quarter and lost 15.7% so far this year.
    * The company reported quarterly net income of C$71.6
million.
    * Wall Street's median 12-month price target for Definity
Financial Corp is C$40.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:34 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.45           0.56           Beat
 Mar. 31 2023      0.57           0.54           Missed
 Dec. 31 2022      0.58           0.67           Beat
 Sep. 30 2022      0.34           0.40           Beat