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

Linamar

09/08/2023 22:02

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of
C$2.61​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
C$2.30 per share.
    * Revenue rose 28.8% to C$2.55 billion from a year ago;
analysts
expected C$2.34 billion. 
    * The mean earnings estimate of analysts had risen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Linamar Corp shares had risen by 11.1% this quarter and
gained 26.2% so far this year.
    * The company reported quarterly net income of C$134.99
million.
    * Wall Street's median 12-month price target for Linamar
Corp is
C$90.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:02 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.30           2.61           Beat
 Mar. 31 2023      1.75           1.98           Beat
 Dec. 31 2022      1.65           1.61           Missed
 Sep. 30 2022      1.77           1.91           Beat