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

PriceSmart

10/07/2024 22:00

* PriceSmart Inc  PSMT.OQ  reported quarterly adjusted
earnings of
$1.08​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.02.  The mean expectation of three analysts for the quarter
was for earnings of $1.01 per share. Wall Street expected
results to range from 92 cents to $1.12 per share.
    * Revenue rose 12.1% to $1.23 billion from a year ago;
analysts
expected $1.21 billion. 
    * PriceSmart Inc's reported EPS for the quarter was $1.08​.
    * The company reported quarterly net income of $32.49
million.
    * PriceSmart Inc shares had fallen by 3.7% this quarter and
gained 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
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 "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 July 10 at
09:00 p.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
 May. 31 2024      1.01           1.08           Beat
 Feb. 29 2024      1.25           1.31           Beat
 Nov. 30 2023      1.09           1.24           Beat
 Aug. 31 2023      0.85           0.65           Missed