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

• Saputo Inc SAP.TO reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of nine analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 40 cents per share.

• Revenue rose 4.6% to C$4.75 billion from a year ago; analysts expected C$4.73 billion.

• Saputo Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of C$74 million.

• Saputo Inc shares had risen by 6.4% this quarter and gained 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% 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 8 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."

• Wall Street's median 12-month price target for Saputo Inc is C$30.00

This summary was machine generated from LSEG data June 6 at 02:56 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)