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

Maple Leaf Foods

23/02/2024 03:03

* Maple Leaf Foods Inc  MFI.TO  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -28 cents.  The mean expectation of
five analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 14 cents to 22
cents per share.
    * Revenue rose 0.6% to C$1.19 billion from a year ago;
analysts
expected C$1.22 billion. 
    * Maple Leaf Foods Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * Maple Leaf Foods Inc shares had risen by 2.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.3%
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 6 "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$32.25 
This summary was machine generated from LSEG data February 23 at
03:03 a.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 2023      0.18           0.08           Missed
 Sep. 30 2023      0.21           0.13           Missed
 Jun. 30 2023      0.02           0.00           Missed
 Mar. 31 2023      -0.10          -0.12          Missed