Quebecor Inc reports results for the quarter ended in September 30 - Earnings Summary

Quebecor

07/11/2024 14:43

* Quebecor Inc  QBRb.TO  reported quarterly adjusted
earnings of
82 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 88 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 82 cents per share. Wall Street
expected results to range from 79 cents to 86 cents per share.
    * Revenue fell 1.8% to C$1.39 billion from a year ago;
analysts
expected $1.41 billion. 
    * Quebecor Inc's reported EPS for the quarter was 81 cents​.
    * The company reported quarterly net income of $189 million.
    * Quebecor Inc shares had fallen by 2.3% this quarter and
gained 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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
38.50 
This summary was machine generated from LSEG data November 7 at
02:43 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
 Sep. 30 2024      0.82           0.82           Met
 Jun. 30 2024      0.83           0.89           Beat
 Mar. 31 2024                     0.71           
 Dec. 31 2023                     0.73