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

Maple Leaf Foods

02/11/2023 13:31

* Maple Leaf Foods Inc  MFI.TO  reported quarterly adjusted
earnings of 13 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
five analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from 18 cents to 25
cents per share.
    * Revenue rose 1.1% to C$1.25 billion from a year ago;
analysts
expected C$1.30 billion. 
    * Maple Leaf Foods Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * Maple Leaf Foods Inc shares had risen by 5.3% this
quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18%
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 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$37.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.14           -0.28          Missed