Maple Leaf Foods Inc reports results for the quarter ended March 31 - Earnings Summary

• Maple Leaf Foods Inc MFI.TO reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of five analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 25 cents to 31 cents per share.

• Revenue rose 7.6% to C$1.24 billion from a year ago; analysts expected C$1.19 billion.

• Maple Leaf Foods Inc's reported EPS for the quarter was 40 cents​.

• Maple Leaf Foods Inc shares had risen by 0.2% this quarter and gained 23.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 17.4% 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 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Maple Leaf Foods Inc is C$31.00

This summary was machine generated from LSEG data May 8 at 12:21 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)