Linamar Corp expected to post earnings of 92  cents a share - Earnings Preview

Linamar

07/03/2022 22:46

* Linamar Corp  LNR.TO   is expected to show a fall in
quarterly
revenue when it reports  results on March 9. 
    * The Guelph Ontario-based  company is expected to report  a
4.4% decrease in revenue to C$1.63 billion from C$1.7 billion a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Linamar Corp is for
earnings of 92 cents per share. For the same quarter last year,
the company reported earnings of C$1.97 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Linamar
Corp is
C$97​, about 39.4% above​ its last closing price of C$58.76. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  1.15        1.15       1.60      Beat    39.1
 Jun. 30 2021  1.43        1.42       1.63      Beat    14.6
 Mar. 31 2021  1.39        1.32       2.41      Beat    82.6​
 Dec. 31 2020  1.56        1.46       1.97      Beat    34.9
 ​​Sep.        1.03        1.07       2.15      Beat    100.2
 30 2020                                                
 Jun. 30 2020  -0.86       -0.80      -0.34     Beat    57.4​
 Mar. 31 2020  0.90        0.99       1.04      Beat    4.6
 Dec. 31 2019  1.20        1.23       1.15      Missed  -6.8
 This summary was machine generated March 7 at 22:46 GMT.  All
figures in Canadian dollars  unless otherwise stated