PriceSmart Inc reports results for the quarter ended in August 31 - Earnings Summary

PriceSmart

31/10/2024 02:34

* PriceSmart Inc  PSMT.OQ  reported quarterly adjusted
earnings of
94 cents​​ per share for the quarter ended August 31, higher
than the same quarter last year, when the company reported EPS
of 65 cents.  The mean expectation of three analysts for the
quarter was for earnings of $1.03 per share. Wall Street
expected results to range from $1.01  to $1.07 per share.
    * Revenue rose 9.6% to $1.23 billion from a year ago;
analysts
expected $1.22 billion. 
    * PriceSmart Inc's reported EPS for the quarter was 94
cents​.
    * The company reported quarterly net income of $29.07
million.
    * PriceSmart Inc shares had fallen by 1.6% this quarter and
gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the discount
stores
peer group is also "buy"

Wall Street's median 12-month price target for PriceSmart Inc is
$90.00 
This summary was machine generated from LSEG data October 31 at
02:34 a.m. UTC. ​All figures in US 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
 Aug. 31 2024      1.03           0.94           Missed
 May. 31 2024      1.01           1.08           Beat
 Feb. 29 2024      1.25           1.31           Beat
 Nov. 30 2023      1.09           1.24           Beat