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

• Transcontinental Inc TCLa.TO reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of six analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 31 cents to 45 cents per share.

• Revenue fell 5.5% to C$643.00 million from a year ago; analysts expected C$648.55 million.

• Transcontinental Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of C$55.6 million.

• Transcontinental Inc shares had fallen by 10.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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$23.00

This summary was machine generated from LSEG data March 11 at 09:00 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)