Linamar Corp reports results for the quarter ended in December - Earnings Summary

Linamar

10/03/2022 07:18

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of 90
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
92 cents per share.
    * Revenue fell 10% to C$1.53 billion from a year ago; 
analysts
expected C$1.63 billion. 
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Linamar Corp shares had fallen by 30.9% this quarter.
    * The company reported quarterly net income of C$50.23
million.
    * Wall Street's median 12-month price target for Linamar
Corp is
C$95.00 
    * 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." 

This summary was machine generated March 10 at 07:18 a.m.  ​All
figures in Canadian dollars unless otherwise stated