Quebecor Inc reports results for the quarter ended in December - Earnings Summary

Quebecor

23/02/2024 03:22

* Quebecor Inc  QBRb.TO  reported quarterly adjusted
earnings of
73 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 69 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 65 cents to 82 cents per share.
    * Revenue rose 27% to C$1.50 billion from a year ago;
analysts
expected C$1.48 billion. 
    * Quebecor Inc's reported EPS for the quarter was 63 cents​.
    * The company reported quarterly net income of C$146.2
million.
    * Quebecor Inc shares had held steady so far this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Quebecor Inc is
C$40.00 
This summary was machine generated from LSEG data February 23 at
03:21 a.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
 Dec. 31 2023      0.74           0.73           Missed
 Sep. 30 2023      0.79           0.88           Beat
 Jun. 30 2023      0.72           0.79           Beat
 Mar. 31 2023      0.59           0.59           Met