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

• Quebecor Inc QBRb.TO reported quarterly adjusted earnings of 80 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of nine analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from -47 cents to 78 cents per share.

• Revenue fell 1.4% to C$1.34 billion from a year ago; analysts expected C$1.36 billion.

• Quebecor Inc's reported EPS for the quarter was 82 cents​.

• The company reported quarterly net income of C$190.7 million.

• Quebecor Inc shares had risen by 4.1% this quarter and gained 20.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Quebecor Inc is C$39.25

This summary was machine generated from LSEG data May 8 at 01:32 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)