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

• IGM Financial Inc IGM.TO reported quarterly adjusted earnings of C$1.00​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of five analysts for the quarter was for earnings of C$1.03 per share. Wall Street expected results to range from C$1.01 to C$1.07 per share.

• Revenue rose 7.9% to C$875.80 million from a year ago; analysts expected C$893.00 million.

• The company reported quarterly net income of C$233.8 million.

• IGM Financial Inc shares had risen by 0.1% this quarter and lost 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "hold."

• Wall Street's median 12-month price target for IGM Financial Inc is C$49.50

This summary was machine generated from LSEG data May 9 at 05:34 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)