Canada's IGM Financial Q1 adjusted EPS beats estimates

Igm Financial

07/05/2026 22:42

Overview

Canada wealth and asset manager's Q1 adjusted EPS rose 21% yr/yr, beating analyst expectations

Q1 net earnings climbed 21.4% yr/yr, driven by record assets under management and advisement

Outlook

Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers

NET INFLOWS - Record Q1 net inflows of C$5.6 bln supported higher assets under management and advisement

WEALTH MANAGEMENT GROWTH - IG Wealth Management reported record assets under advisement and a sharp increase in net client inflows

ASSET MANAGEMENT CONTRIBUTION - Mackenzie Investments achieved record assets under management and positive investment fund net sales

Company press release: ID:nCNWZ5sDka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
C$1.21
C$1.18 (6 Analysts)
Q1 EPS
C$1.20
Q1 Net Income
C$283.8 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for IGM Financial Inc is C$76.00, about 1% below its May 6 closing price of C$76.77

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)