Metro Inc reports results for the quarter ended in December - Earnings Summary

Metro

30/01/2024 14:31

* Metro Inc  MRU.TO  reported quarterly adjusted earnings of
C$1.02​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of C$1.00.  The mean expectation of seven analysts for the
quarter was for earnings of 99 cents per share. Wall Street
expected results to range from 98 cents to C$1.00 per share.
    * Revenue rose 6.5% to C$4.97 billion from a year ago;
analysts
expected C$4.91 billion. 
    * Metro Inc's reported EPS for the quarter was 99 cents​.
    * Metro Inc shares had risen by 3.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "hold"

Wall Street's median 12-month price target for Metro Inc is
C$76.00 
This summary was machine generated from LSEG data January 30 at
02:31 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
 Dec. 31 2023      0.99           1.02           Beat
 Sep. 30 2023      1.07           0.99           Missed
 Jun. 30 2023      1.29           1.35           Beat
 Mar. 31 2023      0.94           0.96           Beat