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

George Weston

21/11/2023 13:01

* George Weston Ltd  WN.TO  reported quarterly adjusted
earnings
of C$3.36​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of C$3.12.  The mean expectation of five analysts for the
quarter was for earnings of C$3.40 per share. Wall Street
expected results to range from C$3.21  to C$3.59 per share.
    * Revenue rose 5.1% to C$18.41 billion from a year ago;
analysts
expected C$18.33 billion. 
    * George Weston Ltd's reported EPS for the quarter was
C$4.41​.
    * The company reported quarterly net income of C$610
million.
    * George Weston Ltd shares had risen by 9.3% this
quarter and
lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for George
Weston Ltd
is C$193.00 

This summary was machine generated from LSEG data November 21 at
01:00 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      2.53           2.59           Beat