Telus International Cda Inc reports results for the quarter ended in June - Earnings Summary

TELUS International (CDA)

02/08/2024 14:31

* Telus International Cda Inc  TIXT.TO  reported quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 16 cents to 32
cents per share.
    * Revenue fell 2.2% to $652.00 million from a year ago;
analysts
expected $683.66 million. 
    * Telus International Cda Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $3 million.
    * Telus International Cda Inc shares had risen by 14.2% this
quarter and lost 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Telus
International Cda Inc is $10.00 
This summary was machine generated from LSEG data August 2 at
01:31 p.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
 Jun. 30 2024      0.19           0.16           Missed
 Mar. 31 2024      0.19           0.22           Beat
 Dec. 31 2023      0.26           0.26           Met
 Sep. 30 2023      0.21           0.21           Met