Linamar Corp expected to post earnings of C$1.38 a share - Earnings Preview

Linamar

09/08/2022 03:05

* Linamar Corp  LNR.TO   is expected to show a rise in
quarterly
revenue when it reports  results on August 10. 
    * The Guelph Ontario-based  company is expected to report  a
14.4% increase in revenue to C$1.802 billion from C$1.58 billion
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Linamar Corp is for
earnings of C$1.38 per share. For the same quarter last year,
the company reported earnings of C$1.63 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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$80​, above​ its last closing price of C$59.58. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.94        0.98       1.08      Beat    10.2
 Dec. 31 2022  0.95        0.92       0.90      Missed  -2.2
 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.        1.39        1.32       2.41      Beat    82.6
 31 2021                                                
 Dec. 31 2020  1.56        1.46       1.97      Beat    34.9​
 Sep. 30 2020  1.03        1.07       2.15      Beat    100.2
 Jun. 30 2020  -0.86       -0.80      -0.34     Beat    57.4
 This summary was machine generated August 9 at 02:04 GMT.  All
figures in Canadian dollars  unless otherwise stated