George Weston Ltd reports results for the quarter ended March 31 - Earnings Summary

• George Weston Ltd WN.TO reported quarterly adjusted earnings of C$2.58​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of C$2.30. The mean expectation of five analysts for the quarter was for earnings of C$2.73 per share. Wall Street expected results to range from C$2.62 to C$2.84 per share.

• Revenue rose 7.9% to C$14.83 billion from a year ago; analysts expected C$14.21 billion.

• George Weston Ltd's reported EPS for the quarter was 62 cents​.

• George Weston Ltd shares had risen by 9.1% this quarter and gained 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% 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 5 "strong buy" or "buy," 2 "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 George Weston Ltd is C$257.50

This summary was machine generated from LSEG data May 6 at 12:52 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)