George Weston Ltd WN.TO reported quarterly adjusted earnings of C$3.06 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$2.93. The mean expectation of six analysts for the quarter was for earnings of C$3.37 per share. Wall Street expected results to range from C$3.24 to C$3.50 per share.
Revenue rose 5.2% to C$14.82 billion from a year ago; analysts expected C$14.78 billion.
George Weston Ltd's reported EPS for the quarter was C$1.96.
George Weston Ltd shares had fallen by 3.9% this quarter and gained 17.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.3% 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," 2 "hold" and 1 "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$300.00, about 12.5% above its last closing price of C$262.56
This summary was machine generated from LSEG data July 29 at 12:01 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)