Linamar Corp expected to post earnings of C$2.97 a share - Earnings Preview

Linamar

05/08/2024 14:36

* Linamar Corp  LNR.TO   is expected to show a rise in
quarterly
revenue when it reports  results on August 8 for the period
ending June 30 2024
    * The Guelph Ontario-based  company is expected to report a
15.3% increase in revenue to C$2.944 billion from C$2.55 billion
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Linamar Corp is for
earnings
of C$2.97 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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$89.00​, above​ its last closing price of C$63.51. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.08        2.06       2.59      Beat    25.7
 Dec. 31 2024  1.75        1.74       1.98      Beat    13.5
 Sep. 30 2023  2.08        2.07       2.21      Beat    7​
 Jun. 30 2023  2.30        2.30       2.61      Beat    13.5
 ​​Mar.        1.74        1.75       1.98      Beat    13.1
 31 2023                                                
 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
 This summary was machine generated August 5 at 13:36 GMT.  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)