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

Metro

24/04/2024 14:32

* Metro Inc  MRU.TO  reported quarterly adjusted earnings of
91
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 96
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 89 cents per share. Wall Street expected
results to range from 86 cents to 93 cents per share.
    * Revenue rose 2.2% to C$4.66 billion from a year ago;
analysts
expected C$4.66 billion. 
    * Metro Inc's reported EPS for the quarter was 83 cents​.
    * The company reported quarterly net income of C$187.1
million.
    * Metro Inc shares had fallen by 3.9% this quarter and
gained 1.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
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 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 April 24 at
01:30 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
 Mar. 31 2024      0.89           0.91           Beat
 Dec. 31 2023      0.99           1.02           Beat
 Sep. 30 2023      1.07           0.99           Missed
 Jun. 30 2023      1.29           1.35           Beat