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

Quebecor

09/05/2024 14:32

* Quebecor Inc  QBRb.TO  reported quarterly adjusted
earnings of
71 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 59 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 67 cents per share. Wall Street
expected results to range from 61 cents to 75 cents per share.
    * Revenue rose 22.2% to C$1.36 billion from a year ago;
analysts
expected C$1.37 billion. 
    * Quebecor Inc's reported EPS for the quarter was 75 cents​.
    * The company reported quarterly net income of C$173.2
million.
    * Quebecor Inc shares had fallen by 3.2% this quarter and
lost 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
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 10 "strong buy" or "buy," 2
"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$37.50 
This summary was machine generated from LSEG data May 9 at 01:32
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      0.67           0.71           Beat
 Dec. 31 2023      0.74           0.73           Missed
 Sep. 30 2023      0.79           0.88           Beat
 Jun. 30 2023      0.72           0.79           Beat