Tricon Residential Inc reports results for the quarter ended in March - Earnings Summary

Tricon Residential

10/05/2023 01:02

* Tricon Residential Inc  TCN.TO  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The lone analyst forecast for the quarter was for earnings of 8
cents per share.
    * Revenue rose 24.7% to $188.51 million from a year ago;
analysts
expected $119.89 million. 
    * Tricon Residential Inc's reported EPS for the quarter was
8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Tricon Residential Inc shares had risen by 3.3% this
quarter and
gained 3.7% so far this year.
    * The company reported quarterly net income of $26.96
million.
    * Wall Street's median 12-month price target for Tricon
Residential Inc is C$11.82 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 12:02 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.13           0.14           Beat
 Dec. 31 2022      0.28           0.35           Beat
 Sep. 30 2022      0.15           0.15           Met
 Jun. 30 2022      0.15           0.16           Beat