IGM Financial Inc reports results for the quarter ended June 30 - Earnings Summary
IGM Financial Inc reports results for the quarter ended June 30 - Earnings Summary
IGM Financial Inc IGM.TO reported quarterly adjusted earnings of C$1.41 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$1.07. The mean expectation of seven analysts for the quarter was for earnings of C$1.27 per share. Wall Street expected results to range from C$1.22 to C$1.29 per share.
Revenue rose 19.5% to C$1.07 billion from a year ago; analysts expected C$1.06 billion.
IGM Financial Inc's reported EPS for the quarter was C$1.12.
The company reported quarterly net income of C$261.45 million.
IGM Financial Inc shares had risen by 3.5% this quarter and gained 32.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.4% 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 "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$85.00, about 3.6% above its last closing price of C$81.93
This summary was machine generated from LSEG data July 30 at 07:02 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 |
Jun. 30 2026 | 1.27 | 1.41 | Beat |
Mar. 31 2026 | 1.18 | 1.20 | Beat |
Dec. 31 2025 | 1.20 | 1.27 | Beat |
Sep. 30 2025 | 1.15 | 1.27 | Beat |
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