Transcontinental Inc reports results for the quarter ended October 31 - Earnings Summary

Transcontinental

11/12/2024 22:43

* Transcontinental Inc  TCLa.TO  reported quarterly adjusted
earnings of 79 cents​​ per share for the quarter ended October
31, lower than the same quarter last year, when the company
reported EPS of 83 cents.  The mean expectation of five analysts
for the quarter was for earnings of 73 cents per share. Wall
Street expected results to range from 68 cents to 77 cents per
share.
    * Revenue fell 3.9% to C$749.30 million from a year ago;
analysts
expected C$758.40 million. 
    * Transcontinental Inc's reported EPS for the quarter was 57
cents​.
    * The company reported quarterly net income of C$47.9
million.
    * Transcontinental Inc shares had fallen by 2.4% this
quarter and
gained 28.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
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 5 "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$20.50 
This summary was machine generated from LSEG data December 11 at
10:42 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 2024      0.73           0.79           Beat
 Jul. 31 2024      0.56           0.60           Beat
 Apr. 30 2024      0.44           0.52           Beat
 Jan. 31 2024      0.32           0.43           Beat