Transcontinental Inc reports results for the quarter ended in July - Earnings Summary

Transcontinental

06/09/2023 22:55

* Transcontinental Inc  TCLa.TO  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in July.
The mean expectation of four analysts for the quarter was
for earnings of 52 cents per share.
    * Revenue fell 5.5% to C$706.70 million from a year ago;
analysts
expected C$755.78 million. 
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Transcontinental Inc shares had fallen by 10.6% this
quarter and
lost 14.2% so far this year.
    * The company reported quarterly net income of C$20.9
million.
    * Wall Street's median 12-month price target for
Transcontinental
Inc is C$18.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 6 at 09:55 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.52           0.51           Missed
 Apr. 30 2023      0.36           0.45           Beat
 Jan. 31 2023      0.41           0.24           Missed
 Oct. 31 2022      0.70           0.79           Beat