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

Metro

14/08/2024 14:52

* Metro Inc  MRU.TO  reported quarterly adjusted earnings of
C$1.35​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of
six analysts for the quarter was for earnings of C$1.34 per
share. Wall Street expected results to range from C$1.31 
to C$1.36 per share.
    * Revenue rose 3.5% to $6.65 billion from a year ago;
analysts
expected C$6.60 billion. 
    * Metro Inc's reported EPS for the quarter was C$1.31​.
    * The company reported quarterly net income of C$295.4
million.
    * Metro Inc shares had risen by 7.4% this quarter and
gained 18.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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$81.00 
This summary was machine generated from LSEG data August 14 at
01:52 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
 Jun. 30 2024      1.34           1.35           Beat
 Mar. 31 2024      0.89           0.91           Beat
 Dec. 31 2023      0.99           1.02           Beat
 Sep. 30 2023      1.07           0.99           Missed