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

Quebecor

08/08/2024 14:32

* Quebecor Inc  QBRb.TO  reported quarterly adjusted
earnings of
89 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 79
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 83 cents per share. Wall Street expected
results to range from 80 cents to 85 cents per share.
    * Revenue fell 0.8% to C$1.39 billion from a year ago;
analysts
expected C$1.41 billion. 
    * Quebecor Inc's reported EPS for the quarter was 90 cents​.
    * The company reported quarterly net income of C$207.6
million.
    * Quebecor Inc shares had risen by 10.8% this quarter and
gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
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 9 "strong buy" or "buy," 2
"hold" and 1 "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$36.50 
This summary was machine generated from LSEG data August 8 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
 Jun. 30 2024      0.83           0.89           Beat
 Mar. 31 2024      0.67           0.71           Beat
 Dec. 31 2023      0.74           0.73           Missed
 Sep. 30 2023      0.79           0.88           Beat