Metro Inc expected to post earnings of 90 cents a share - Earnings Preview

Metro

22/04/2024 14:56

* Metro Inc  MRU.TO   is expected to show a rise in
quarterly
revenue when it reports  results on April 24 for the period
ending March 31 2024
    * The Montreal Quebec-based  company is expected to report a
2.6% increase in revenue to C$4.673 billion from C$4.55 billion
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Metro Inc is for
earnings of
90 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Metro Inc
is
C$76.00​, above​ its last closing price of C$69.70. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.99        0.99       1.02      Beat    2.9
 Sep. 30 2023  1.07        1.07       0.99      Missed  -7.8
 Jun. 30 2023  1.28        1.29       1.35      Beat    5​
 Mar. 31 2023  0.94        0.94       0.96      Beat    2.1
 ​​Dec.        0.98        0.98       1.00      Beat    2.6
 31 2022                                                
 Sep. 30 2022  0.90        0.90       0.92      Beat    2.8​
 Jun. 30 2022  1.18        1.19       1.18      Missed  -0.4
 Mar. 31 2022  0.84        0.84       0.82      Missed  -1.9
 This summary was machine generated April 22 at 13:55 GMT.  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)