Aecon Group Inc <ARE.TO> expected to post earnings of 41 cents a share - Earnings Preview
Aecon Group Inc ARE.TO is expected to show a rise in quarterly revenue when it reports results on March 5 for the period ending December 31 2024
The Toronto Ontario-based company is expected to report a 5.3% increase in revenue to C$1.19 billion from C$1.13 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data. (SAL is based on Total Revenue Basis.)
LSEG's mean analyst estimate for Aecon Group Inc is for earnings of 41 cents 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 Aecon Group Inc is C$31.00, above its last closing price of C$22.54.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.79 | 0.78 | 0.85 | Beat | 8.8 |
Jun. 30 2024 | -2.36 | -2.42 | -1.99 | Beat | 17.9 |
Mar. 31 2024 | -0.20 | -0.20 | -0.10 | Beat | 49.4 |
Dec. 31 2023 | 0.17 | 0.25 | 0.15 | Missed | -40.8 |
Sep. 30 2023 | 0.50 | 0.46 | 1.63 | Beat | 251 |
Jun. 30 2023 | 0.12 | 0.11 | 0.38 | Beat | 234.1 |
Mar. 31 2023 | -0.22 | -0.23 | -0.15 | Beat | 35.1 |
Dec. 31 2022 | 0.19 | 0.20 | 0.26 | Beat | 27.1 |
This summary was machine generated March 3 at 21:19 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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