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

George Weston

30/07/2024 14:00

* George Weston Ltd  WN.TO  reported quarterly adjusted
earnings
of $2.93​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
C$2.68.  The mean expectation of four analysts for the quarter
was for earnings of C$2.72 per share. Wall Street expected
results to range from C$1.82  to $3.15 per share.
    * Revenue rose 1.5% to $14.09 billion from a year ago;
analysts
expected $14.30 billion. 
    * George Weston Ltd's reported EPS for the quarter was
C$2.97​.
    * The company reported quarterly net income of $400 million.
    * George Weston Ltd shares had risen by 7.6% this
quarter and
gained 28.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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$221.00 
This summary was machine generated from LSEG data July 30 at
01:00 p.m. UTC. ​All figures in US 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
 Jun. 30 2024      2.72           2.93           Beat
 Mar. 31 2024      2.28           2.30           Beat
 Dec. 31 2023      2.85           2.51           Missed
 Sep. 30 2023      3.40           3.36           Missed