Loblaw Companies Ltd reports results for the quarter ended September 30 - Earnings Summary

Loblaw Companies

13/11/2024 15:25

* Loblaw Companies Ltd  L.TO  reported quarterly adjusted
earnings
of C$2.50​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of C$2.26.  The mean expectation of eight analysts for the
quarter was for earnings of C$2.45 per share. Wall Street
expected results to range from C$2.39  to C$2.50 per share.
    * Revenue rose 1.5% to C$18.54 billion from a year ago;
analysts
expected C$18.65 billion. 
    * Loblaw Companies Ltd's reported EPS for the quarter was
$2.53​.
    * Loblaw Companies Ltd shares had risen by 4.1% this
quarter and
gained 46.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 7 "strong buy" or "buy," 3
"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$189.00 
This summary was machine generated from LSEG data November 13 at
03:25 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
 Sep. 30 2024      2.45           2.50           Beat
 Jun. 30 2024      2.14           2.15           Beat
 Mar. 31 2024      1.70           1.72           Beat
 Dec. 31 2023      1.90           2.00           Beat