Loblaw Companies Ltd reports results for the quarter ended March 31 - Earnings Summary

• Loblaw Companies Ltd L.TO reported quarterly adjusted earnings of C$1.88​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of C$1.72. The mean expectation of nine analysts for the quarter was for earnings of C$1.87 per share. Wall Street expected results to range from C$1.84 to C$1.88 per share.

• Revenue rose 4.1% to C$14.14 billion from a year ago; analysts expected C$14.07 billion.

• Loblaw Companies Ltd's reported EPS for the quarter was C$1.66​.

• The company reported quarterly net income of C$503 million.

• Loblaw Companies Ltd shares had risen by 8.3% this quarter and gained 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Loblaw Companies Ltd is C$203.50

This summary was machine generated from LSEG data April 30 at 11:31 a.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)