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

Transcontinental

12/12/2023 22:40

* Transcontinental Inc  TCLa.TO  reported quarterly adjusted
earnings of 83 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of 79 cents.  The mean expectation of
four analysts for the quarter was for earnings of 64 cents per
share. Wall Street expected results to range from 62 cents to 65
cents per share.
    * Revenue fell 2.8% to C$779.70 million from a year ago;
analysts
expected C$788.55 million. 
    * Transcontinental Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of C$41.7
million.
    * Transcontinental Inc shares had risen by 0.5% this
quarter and
lost 24.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Transcontinental
Inc is C$16.00 
This summary was machine generated from LSEG data December 12 at
10:40 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
 Oct. 31 2023      0.64           0.83           Beat
 Jul. 31 2023      0.52           0.51           Missed
 Apr. 30 2023      0.36           0.45           Beat
 Jan. 31 2023      0.41           0.24           Missed