Linamar Corp expected to post earnings of C$1.75 a share - Earnings Preview

Linamar

09/05/2023 02:21

* Linamar Corp  LNR.TO   is expected to show a rise in
quarterly
revenue when it reports  results on May 10. 
    * The Guelph Ontario-based  company is expected to report  a
17.9% increase in revenue to C$2.097 billion from C$1.78 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 C$1.75 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 had risen by
about 1.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Linamar
Corp is
C$86​, above​ its last closing price of C$66.15. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.64        1.65       1.61      Missed  -2.4
 Sep. 30 2022  1.69        1.77       1.91      Beat    7.8
 Jun. 30 2022  1.37        1.38       1.68      Beat    21.7​
 Mar. 31 2022  0.94        0.98       1.08      Beat    10.2
 ​​Dec.        0.95        0.92       0.90      Missed  -2.2
 31 2021                                                
 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
 This summary was machine generated May 9 at 01:21 GMT.  All
figures in Canadian dollars  unless otherwise stated