iA Financial Corporation Inc reports results for the quarter ended in December - Earnings Summary

iA Financial

21/02/2024 10:50

* iA Financial Corporation Inc  IAG.TO  reported quarterly
adjusted earnings of C$2.34​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of C$2.40.  The mean expectation of
eight analysts for the quarter was for earnings of C$2.47 per
share. Wall Street expected results to range from C$2.33 
to C$2.57 per share.
    * Revenue rose 60.9% to C$6.72 billion from a year ago. 
    * iA Financial Corporation Inc's reported EPS for the
quarter was
C$2.46​.
    * The company reported quarterly net income of C$248
million.
    * iA Financial Corporation Inc shares had risen by 3.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for iA
Financial
Corporation Inc is C$101.50 

This summary was machine generated from LSEG data February 21 at
10:50 a.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
 Dec. 31 2023      2.47           2.34           Missed
 Sep. 30 2023      2.36           2.48           Beat
 Jun. 30 2023      2.32           2.39           Beat
 Mar. 31 2023      2.18           2.08           Missed