CI Financial Corp reports results for the quarter ended March 31 - Earnings Summary

• CI Financial Corp CIX.TO reported quarterly adjusted earnings of 96 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of five analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 94 cents to 99 cents per share.

• Revenue rose 22% to C$787.74 million from a year ago; analysts expected C$775.80 million.

• CI Financial Corp's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of C$8.5 million.

• CI Financial Corp shares had risen by 1.5% this quarter and gained 2.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "hold"

• Wall Street's median 12-month price target for CI Financial Corp is C$32.00

This summary was machine generated from LSEG data May 14 at 01:09 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)