Loblaw Companies Ltd <L.TO> expected to post earnings of C$2.21 a share - Earnings Preview
Loblaw Companies Ltd L.TO is expected to show a rise in quarterly revenue when it reports results on February 20 for the period ending December 31 2024
The Brampton Ontario-based company is expected to report a 2.9% increase in revenue to C$14.954 billion from C$14.53 billion a year ago, according to the mean estimate from 7 analysts, based on LSEG data.
LSEG's mean analyst estimate for Loblaw Companies Ltd is for earnings of C$2.21 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "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$200.00, above its last closing price of C$178.36.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 2.45 | 2.45 | 2.50 | Beat | 2.2 |
Jun. 30 2024 | 2.14 | 2.14 | 2.15 | Beat | 0.4 |
Mar. 31 2024 | 1.71 | 1.70 | 1.72 | Beat | 1.2 |
Dec. 31 2023 | 1.89 | 1.90 | 2.00 | Beat | 5.5 |
Sep. 30 2023 | 2.25 | 2.22 | 2.26 | Beat | 1.6 |
Jun. 30 2023 | 1.91 | 1.91 | 1.94 | Beat | 1.6 |
Mar. 31 2023 | 1.54 | 1.55 | 1.55 | Met | 0.2 |
Dec. 31 2022 | 1.71 | 1.71 | 1.76 | Beat | 2.8 |
This summary was machine generated February 18 at 14:19 GMT. 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)
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