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

MTY Food

11/07/2024 14:31

* MTY Food Group Inc  MTY.TO  reported quarterly adjusted
earnings
of C$1.27​​ per share for the quarter ended in May, higher than
the same quarter last year, when the company reported EPS of
$1.24.  The mean expectation of three analysts for the quarter
was for earnings of C$1.09 per share. Wall Street expected
results to range from 99 cents to C$1.15 per share.
    * Revenue fell 0.5% to $303.74 million from a year ago;
analysts
expected C$294.60 million. 
    * MTY Food Group Inc's reported EPS for the quarter was
$1.13​.
    * The company reported quarterly net income of $27.28
million.
    * MTY Food Group Inc shares had fallen by 5.0% this
quarter and
lost 24.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the restaurants &
bars
peer group is also "hold"

Wall Street's median 12-month price target for MTY Food Group
Inc is C$52.00 
This summary was machine generated from LSEG data July 11 at
01:31 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
 May. 31 2024      1.09           1.27           Beat
 Feb. 29 2024      0.83           0.72           Missed
 Nov. 30 2023      0.94           0.67           Missed
 Aug. 31 2023      1.11           1.59           Beat