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Loblaw Companies Ltd expected to post earnings of C$1.96 a share - Earnings Preview

Published 2022-11-14, 09:58 a/m
© Reuters.  Loblaw Companies Ltd expected to post earnings of C$1.96 a share - Earnings Preview
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* Loblaw Companies (TSX:L) Ltd is expected to show a rise in quarterly revenue when it reports results on November 16. * The Brampton Ontario-based company is expected to report a 5.0% increase in revenue to C$16.854 billion from C$16.05 billion a year ago, according to the mean estimate from 7 analysts, based on Refinitiv data. * ​Refinitiv's mean analyst estimate for Loblaw Companies Ltd is for earnings of C$1.96 per share. * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." * The mean earnings estimate of analysts was unchanged in the last three months. ​ * Wall Street's median 12-month price target for Loblaw Companies Ltd is C$129​, above​ its last closing price of C$109.78. ​​​

Previous quarterly performance (using preferred earnings measure in Canadian dollars). ​ QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI ENDING ARTESTIMAT IBES MET, SE % E® ESTIMATE MISSED Jun. 30 2022 1.61 1.61 1.69 Beat 5.1 Mar. 31 2022 1.32 1.32 1.36 Beat 3.3 Dec. 31 2021 1.37 1.36 1.52 Beat 11.7​ Sep. 30 2021 1.48 1.48 1.59 Beat 7.6 ​​Jun. 1.19 1.21 1.35 Beat 11.9 30 2021 Mar. 31 2021 0.91 0.87 1.13 Beat 30.2​ Dec. 31 2020 1.24 1.25 1.26 Beat 1.1 Sep. 30 2020 1.27 1.26 1.30 Beat 3.4 This summary was machine generated November 14 at 14:58 GMT. All figures in Canadian dollars unless otherwise stated.

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