George Weston Ltd reports results for the quarter ended in December - Earnings Summary

George Weston

28/02/2024 16:36

* George Weston Ltd  WN.TO  reported quarterly adjusted
earnings
of C$2.51​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of C$2.59.  The mean expectation of five analysts for the
quarter was for earnings of C$2.85 per share. Wall Street
expected results to range from C$2.65  to C$2.98 per share.
    * Revenue rose 3.9% to C$14.70 billion from a year ago;
analysts
expected C$14.69 billion. 
    * George Weston Ltd's reported EPS for the quarter was a
loss
of 30 cents​.
    * The company reported a quarterly loss of C$38 million.
    * George Weston Ltd shares had risen by 10.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "buy"

Wall Street's median 12-month price target for George Weston Ltd
is C$200.00 
This summary was machine generated from LSEG data February 28 at
04:35 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
 Dec. 31 2023      2.85           2.51           Missed
 Sep. 30 2023      3.40           3.36           Missed
 Jun. 30 2023      2.80           2.68           Missed
 Mar. 31 2023      2.30           1.99           Missed