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

Saputo

09/08/2024 20:52

* Saputo Inc  SAP.TO  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 37 cents per share. Wall Street expected
results to range from 34 cents to 39 cents per share.
    * Revenue rose 9.5% to C$4.61 billion from a year ago;
analysts
expected $4.37 billion. 
    * Saputo Inc's reported EPS for the quarter was 33 cents​.
    * The company reported quarterly net income of $142 million.
    * Saputo Inc shares had risen by 2.7% this quarter and
gained 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.1%
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 8 "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$36.00 
This summary was machine generated from LSEG data August 9 at
07:52 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      0.37           0.39           Beat
 Mar. 31 2024      0.36           0.37           Beat
 Dec. 31 2023      0.39           0.38           Missed
 Sep. 30 2023      0.43           0.43           Met