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

Saputo

09/11/2024 12:30

* Saputo Inc  SAP.TO  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 38 cents per share. Wall Street expected
results to range from 34 cents to 42 cents per share.
    * Revenue rose 8.9% to $4.71 billion from a year ago;
analysts
expected C$4.58 billion. 
    * Saputo Inc's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of C$126
million.
    * Saputo Inc shares had fallen by 8.3% this quarter and
lost 0.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.9%
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 7 "strong buy" or "buy," 2
"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
35.00 
This summary was machine generated from LSEG data November 9 at
12:29 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      0.38           0.37           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