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

Linamar

11/08/2022 04:22

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of
C$1.68​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
C$1.38 per share.
    * Revenue rose 25.8% to C$1.98 billion from a year ago;
analysts
expected C$1.80 billion. 
    * Linamar Corp's reported EPS for the quarter was C$1.61​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Linamar Corp shares had risen by 7.6% this quarter and
lost 21.7% so far this year.
    * The company reported quarterly net income of C$104.5
million.
    * Wall Street's median 12-month price target for Linamar
Corp is
C$80.00 
    * 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 from Refinitiv data August 11
at 03:22 a.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.38           1.68           Beat
 Mar. 31 2022      0.98           1.08           Beat
 Dec. 31 2021      0.92           0.90           Missed
 Sep. 30 2021      1.15           1.60           Beat