Maple Leaf Foods Inc reports results for the quarter - Earnings Summary

Maple Leaf Foods

13/11/2024 14:18

* Maple Leaf Foods Inc  MFI.TO  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter , higher than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of four analysts for the quarter
was for earnings of 23 cents per share. Wall Street expected
results to range from 22 cents to 24 cents per share.
    * Revenue rose 1.2% to $1.26 billion from a year ago;
analysts
expected $1.25 billion. 
    * Maple Leaf Foods Inc's reported EPS for the quarter was 14
cents​.
    * Maple Leaf Foods Inc shares had risen by 1.6% this
quarter and
lost 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Maple Leaf Foods
Inc is C$30.00 
This summary was machine generated from LSEG data November 13 at
02:18 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      0.23           0.18           Missed
 Jun. 30 2024      0.19           0.18           Missed
 Mar. 31 2024      0.13           0.04           Missed
 Dec. 31 2023      0.18           0.08           Missed