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

MTY Food

15/02/2024 14:32

* MTY Food Group Inc  MTY.TO  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in November,
higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of six analysts
for the quarter was for earnings of 94 cents per share. Wall
Street expected results to range from 78 cents to C$1.09 per
share.
    * Revenue rose 15.7% to C$280.03 million from a year ago;
analysts
expected C$280.14 million. 
    * MTY Food Group Inc's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of C$16.44
million.
    * MTY Food Group Inc shares had risen by 3.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * 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$66.00 
This summary was machine generated from LSEG data February 15 at
02:31 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
 Nov. 30 2023      0.94           0.67           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