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

George Weston

07/05/2024 16:55

* George Weston Ltd  WN.TO  reported quarterly adjusted
earnings
of C$2.30​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of C$1.99.  The mean expectation of five analysts for the
quarter was for earnings of C$2.28 per share. Wall Street
expected results to range from C$1.27  to C$2.62 per share.
    * Revenue was C$13.74 billion​; analysts expected $13.69
billion. 
    * George Weston Ltd's reported EPS for the quarter was
C$1.73​.
    * The company reported quarterly net income of $236 million.
    * George Weston Ltd shares had risen by 3.2% this
quarter and
gained 14.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.9%
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 5 "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$212.00 
This summary was machine generated from LSEG data May 7 at 03:55
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
 Mar. 31 2024      2.28           2.30           Beat
 Dec. 31 2023      2.85           2.51           Missed
 Sep. 30 2023      3.40           3.36           Missed
 Jun. 30 2023      2.80           2.68           Missed