Loblaw Companies Ltd reports results for the quarter ended December 31 - Earnings Summary

Loblaw Companies

20/02/2025 14:32

* Loblaw Companies Ltd  L.TO  reported quarterly adjusted
earnings
of C$2.20​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of C$2.00.  The mean expectation of nine analysts for the
quarter was for earnings of C$2.21 per share. Wall Street
expected results to range from C$2.18  to C$2.25 per share.
    * Revenue rose 2.9% to C$14.95 billion from a year ago;
analysts
expected C$14.95 billion. 
    * Loblaw Companies Ltd's reported EPS for the quarter was
C$1.52​.
    * The company reported quarterly net income of C$462
million.
    * Loblaw Companies Ltd shares had fallen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "buy"

Wall Street's median 12-month price target for Loblaw Companies
Ltd is C$200.00 
This summary was machine generated from LSEG data February 20 at
02:31 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 2024      2.21           2.20           Missed
 Sep. 30 2024      2.45           2.50           Beat
 Jun. 30 2024      2.14           2.15           Beat
 Mar. 31 2024      1.70           1.72           Beat