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

Maple Leaf Foods

08/08/2024 13:34

* Maple Leaf Foods Inc  MFI.TO  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported breakeven earnings per share.  The mean expectation of
four analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 17 cents to 21
cents per share.
    * Revenue fell 0.7% to C$1.26 billion from a year ago;
analysts
expected $1.29 billion. 
    * Maple Leaf Foods Inc's reported EPS for the quarter was a
loss
of 21 cents​.
    * Maple Leaf Foods Inc shares had risen by 11.0% this
quarter and
gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
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 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 August 8 at
12:34 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
 Jun. 30 2024      0.19           0.18           Missed
 Mar. 31 2024      0.13           0.04           Missed
 Dec. 31 2023      0.18           0.08           Missed
 Sep. 30 2023      0.21           0.13           Missed