MTY Food Group Inc reports results for the quarter ended in August - Earnings Summary

MTY Food

11/10/2023 14:31

* MTY Food Group Inc  MTY.TO  reported quarterly adjusted
earnings
of C$1.59​​ per share for the quarter ended in August. The mean
expectation of five analysts for the quarter was for earnings of
C$1.11 per share.
    * Revenue rose 73.8% to C$298.08 million from a year ago;
analysts
expected C$289.50 million. 
    * MTY Food Group Inc's reported EPS for the quarter was
C$1.59​.
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * MTY Food Group Inc shares had fallen by 2.4% this
quarter and
lost 0.8% so far this year.
    * The company reported quarterly net income of C$38.89
million.
    * Wall Street's median 12-month price target for MTY Food
Group
Inc is C$70.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 11 at 01:31 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      1.11           1.59           Beat
 May. 31 2023      0.95           1.24           Beat
 Feb. 28 2023      0.78           0.76           Missed
 Nov. 30 2022      0.88