IGM Financial Inc reports results for the quarter ended December 31 - Earnings Summary

Igm Financial

07/02/2025 24:23

* IGM Financial Inc  IGM.TO  reported quarterly adjusted
earnings
of C$1.05​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of 84 cents.  The mean expectation of six analysts for the
quarter was for earnings of C$1.05 per share. Wall Street
expected results to range from C$1.04  to C$1.05 per share.
    * Revenue rose 16.3% to C$894.31 million from a year ago;
analysts
expected C$887.50 million. 
    * IGM Financial Inc's reported EPS for the quarter was
C$1.07​.
    * The company reported quarterly net income of C$254.76
million.
    * IGM Financial Inc shares had fallen by 3.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% 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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is  "hold."

Wall Street's median 12-month price target for IGM Financial Inc
is C$50.50 
This summary was machine generated from LSEG data February 7 at
12:22 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 2024      1.05           1.05           Met
 Sep. 30 2024      0.99           1.03           Beat
 Jun. 30 2024      0.94           0.93           Missed
 Mar. 31 2024      0.88           0.94           Beat