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

Metro

09/08/2023 14:33

* Metro Inc  MRU.TO  reported quarterly adjusted earnings of
C$1.35​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of C$1.29 per share.
    * Revenue rose 9.6% to C$6.43 billion from a year ago;
analysts
expected C$6.18 billion. 
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Metro Inc shares had fallen by 6.8% this quarter and
lost 7.0%
so far this year.
    * Wall Street's median 12-month price target for Metro Inc
is
C$79.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:33 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.29           1.35           Beat
 Mar. 31 2023      0.94           0.96           Beat
 Dec. 31 2022      0.98           1.00           Beat
 Sep. 30 2022      0.90           0.92           Beat