Canadian Tire Corporation Ltd reports results for the quarter ended March 31 - Earnings Summary

• Canadian Tire Corporation Ltd CTCa.TO reported quarterly adjusted earnings of C$2.00​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of C$1.38. The mean expectation of nine analysts for the quarter was for earnings of C$1.22 per share. Wall Street expected results to range from 95 cents to C$1.49 per share.

• Revenue fell 1.9% to C$3.46 billion from a year ago; analysts expected C$3.56 billion.

• Canadian Tire Corporation Ltd's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of C$37.2 million.

• Canadian Tire Corporation Ltd shares had risen by 2.5% this quarter and gained 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the department stores peer group is also "hold"

• Wall Street's median 12-month price target for Canadian Tire Corporation Ltd is C$156.00

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)