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

MTY Food

11/07/2023 14:31

* MTY Food Group Inc  MTY.TO  reported quarterly adjusted
earnings
of C$1.24​​ per share for the quarter ended in May. The mean
expectation of five analysts for the quarter was for earnings of
95 cents per share.
    * Revenue rose 87.8% to C$305.22 million from a year ago;
analysts
expected C$277.90 million. 
    * MTY Food Group Inc's reported EPS for the quarter was
C$1.24​.
    * The mean earnings estimate of analysts had fallen by
about 15.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * MTY Food Group Inc shares had risen by 1.3% this
quarter and
gained 7.5% so far this year.
    * The company reported quarterly net income of C$30.36
million.
    * Wall Street's median 12-month price target for MTY Food
Group
Inc is C$69.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
11 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.95           1.24           Beat
 Feb. 28 2023      0.78           0.76           Missed
 Nov. 30 2022      0.88                          
 Aug. 31 2022      1.09           0.94           Missed