Loblaw Companies Ltd expected to post earnings of C$2.45 a share - Earnings Preview

Loblaw Companies

11/11/2024 15:36

* Loblaw Companies Ltd  L.TO   is expected to show a rise in
quarterly revenue when it reports  results on November 13 for
the period ending September 30 2024
    * The Brampton Ontario-based  company is expected to report
a
2.3% increase in revenue to C$18.687 billion from C$18.27
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Loblaw Companies Ltd is
for
earnings of C$2.45 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 Loblaw
Companies
Ltd is 188.00​, above​ its last closing price of C$185.51. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.14        2.14       2.15      Beat    0.4
 Mar. 31 2024  1.71        1.70       1.72      Beat    1.2
 Dec. 31 2023  1.89        1.90       2.00      Beat    5.5​
 Sep. 30 2023  2.25        2.22       2.26      Beat    1.6
 ​​Jan.        1.91        1.91       1.94      Beat    1.6
 1 0001                                                 
 Mar. 31 2023  1.54        1.55       1.55      Met     0.2​
 Dec. 31 2022  1.71        1.71       1.76      Beat    2.8
 Sep. 30 2022  1.96        1.96       2.01      Beat    2.8
 This summary was machine generated November 11 at 15:36 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)