George Weston Ltd reports results for the quarter ended September 30 - Earnings Summary

George Weston

19/11/2024 13:02

* George Weston Ltd  WN.TO  reported quarterly adjusted
earnings
of C$3.57​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of C$3.36.  The mean expectation of five analysts for the
quarter was for earnings of C$3.57 per share. Wall Street
expected results to range from C$3.39  to C$3.90 per share.
    * Revenue rose 1.5% to C$18.69 billion from a year ago;
analysts
expected C$18.85 billion. 
    * George Weston Ltd's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of C$15 million.
    * George Weston Ltd shares had fallen by 2.1% this
quarter and
gained 35.0% 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, 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$230.00 
This summary was machine generated from LSEG data November 19 at
01:02 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
 Sep. 30 2024      3.57           3.57           Met
 Jun. 30 2024      2.72           2.93           Beat
 Mar. 31 2024      2.28           2.30           Beat
 Dec. 31 2023      2.85           2.51           Missed