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

Linamar

06/03/2024 22:40

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of
C$1.98​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of C$1.61.  The mean expectation of five analysts for the
quarter was for earnings of C$1.74 per share. Wall Street
expected results to range from C$1.70  to C$1.78 per share.
    * Revenue rose 19.1% to C$2.45 billion from a year ago;
analysts
expected C$2.39 billion. 
    * Linamar Corp shares had fallen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Linamar Corp is
C$83.00 
This summary was machine generated from LSEG data March 6 at
10:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.74           1.98           Beat
 Sep. 30 2023      2.07           2.21           Beat
 Jun. 30 2023      2.30           2.61           Beat
 Mar. 31 2023      1.75           1.98           Beat