Transcontinental Inc reports results for the quarter ended April 30 - Earnings Summary

• Transcontinental Inc TCLa.TO reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of six analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 48 cents to 61 cents per share.

• Revenue rose 0.1% to C$684.10 million from a year ago; analysts expected C$662.77 million.

• Transcontinental Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of C$33.8 million.

• Transcontinental Inc shares had risen by 22.4% this quarter and gained 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

• Wall Street's median 12-month price target for Transcontinental Inc is C$23.00

This summary was machine generated from LSEG data June 4 at 09:49 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)