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

Saputo

07/06/2024 01:02

* Saputo Inc  SAP.TO  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 34 cents to 41 cents per share.
    * Revenue rose 1.7% to C$4.55 billion from a year ago;
analysts
expected C$4.30 billion. 
    * Saputo Inc's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of C$92 million.
    * Saputo Inc shares had risen by 4.8% this quarter and
gained 4.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 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$34.00 
This summary was machine generated from LSEG data June 7 at
12:01 a.m. UTC. ​All figures in US 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      0.36           0.37           Beat
 Dec. 31 2023      0.39           0.38           Missed
 Sep. 30 2023      0.43           0.43           Met
 Jun. 30 2023      0.34           0.36           Beat