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

Saputo

08/02/2024 23:47

* Saputo Inc  SAP.TO  reported quarterly adjusted earnings
of 38
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 53
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 39 cents per share. Wall Street expected
results to range from 34 cents to 46 cents per share.
    * Revenue fell 7% to C$4.27 billion from a year ago;
analysts
expected C$4.42 billion. 
    * Saputo Inc's reported EPS for the quarter was a loss of 29
cents​.
    * The company reported a quarterly loss of C$124 million.
    * Saputo Inc shares had risen by 5.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Saputo Inc is
C$33.50 
This summary was machine generated from LSEG data February 8 at
11:47 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
 Dec. 31 2023      0.39           0.38           Missed
 Sep. 30 2023      0.43           0.43           Met
 Jun. 30 2023      0.34           0.36           Beat
 Mar. 31 2023      0.42           0.47           Beat