Pet Valu Holdings Ltd reports results for the quarter ended in March - Earnings Summary

Pet Valu Holdings

07/05/2024 14:31

* Pet Valu Holdings Ltd  PET.TO  reported quarterly adjusted
earnings of 35 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 31 cents per share. Wall
Street expected results to range from 28 cents to 34 cents per
share.
    * Revenue rose 4.2% to C$260.79 million from a year ago;
analysts
expected C$258.76 million. 
    * Pet Valu Holdings Ltd's reported EPS for the quarter was
24
cents​.
    * The company reported quarterly net income of C$17.52
million.
    * Pet Valu Holdings Ltd shares had risen by 1.3% this
quarter and
gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
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 "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Pet Valu
Holdings
Ltd is C$36.00 

This summary was machine generated from LSEG data May 7 at 01:30
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
 Mar. 31 2024      0.31           0.35           Beat
 Dec. 31 2023      0.51           0.54           Beat
 Sep. 30 2023      0.38           0.39           Beat
 Jun. 30 2023      0.34           0.36           Beat