Empire Company Ltd reports results for the quarter ended January 31 - Earnings Summary

• Empire Company Ltd EMPa.TO reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended January 31, identical to the same quarter last year. The mean expectation of seven analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 60 cents to 64 cents per share.

• Revenue rose 3.1% to C$7.73 billion from a year ago; analysts expected C$7.66 billion.

• Empire Company Ltd's reported EPS for the quarter was 62 cents​.

• Empire Company Ltd shares had risen by 1.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the food retail & distribution peer group is also "hold"

Wall Street's median 12-month price target for Empire Company Ltd is C$48.50

This summary was machine generated from LSEG data March 13 at 12:10 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)