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

Maple Leaf Foods

02/05/2024 19:51

* Maple Leaf Foods Inc  MFI.TO  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -12 cents.  The mean expectation of six analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 10 cents to 17 cents per
share.
    * Revenue fell 1.8% to C$1.15 billion from a year ago;
analysts
expected C$1.20 billion. 
    * Maple Leaf Foods Inc's reported EPS for the quarter was 42
cents​.
    * Maple Leaf Foods Inc shares had risen by 9.6% this
quarter and
lost 3.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55%
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 7 "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 May 2 at 06:51
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
 Mar. 31 2024      0.13           0.04           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