MTY Food Group Inc expected to post earnings of C$1.09 a share - Earnings Preview

MTY Food

09/07/2024 14:02

* MTY Food Group Inc  MTY.TO   is expected to show a fall in
quarterly revenue when it reports  results on July 11 for the
period ending May 31 2024
    * The Saint-laurent Quebec-based  company is expected to
report a
3.5% decrease in revenue to C$294.6 million from C$305.22
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for MTY Food Group Inc is
for
earnings of C$1.09 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 MTY Food
Group
Inc is C$52.00​, above​ its last closing price of C$43.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.83        0.83       0.72      Missed  -13.7
 Nov. 30 2024  0.89        0.94       0.67      Missed  -28.9
 Aug. 31 2023  1.10        1.11       1.59      Beat    43.6​
 May. 31 2023  0.95        0.95       1.24      Beat    30.9
 ​​Jan.        0.76        0.78       0.76      Missed  -3
 1 0001                                                 
 Jan. 1 0001   0.99        0.88       0.30      Missed  -65.9​
 Aug. 31 2022  1.07        1.09       0.94      Missed  -13.5
 May. 31 2022  0.99        0.96       1.17      Beat    21.5
 This summary was machine generated July 9 at 13:02 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)