Metro Inc reports results for the quarter ended March 31 - Earnings Summary

• Metro Inc MRU.TO reported quarterly adjusted earnings of C$1.02​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of eight analysts for the quarter was for earnings of C$1.02 per share. Wall Street expected results to range from C$1.00 to C$1.05 per share.

• Revenue rose 5.5% to C$4.91 billion from a year ago; analysts expected C$4.86 billion.

• Metro Inc's reported EPS for the quarter was 99 cents​.

• The company reported quarterly net income of C$220 million.

• Metro Inc shares had risen by 0.8% this quarter and gained 11.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.9% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "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 Metro Inc is C$98.50

This summary was machine generated from LSEG data April 16 at 01:31 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)