Empire Company Ltd reports results for the quarter ended April 30 - Earnings Summary

• Empire Company Ltd EMPa.TO reported quarterly adjusted earnings of 74 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of seven analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 70 cents to 72 cents per share.

• Revenue rose 3% to C$7.64 billion from a year ago; analysts expected C$7.65 billion.

• Empire Company Ltd's reported EPS for the quarter was 74 cents​.

• Empire Company Ltd shares had risen by 7.6% this quarter and gained 18.3% 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, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is "buy."

• Wall Street's median 12-month price target for Empire Company Ltd is C$53.00

This summary was machine generated from LSEG data June 19 at 11:31 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)