IGM Financial Inc reports results for the quarter ended June 30 - Earnings Summary

• IGM Financial Inc IGM.TO reported quarterly adjusted earnings of C$1.07​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of five analysts for the quarter was for earnings of C$1.00 per share. Wall Street expected results to range from 98 cents to C$1.03 per share.

• Revenue rose 9.4% to C$892.72 million from a year ago; analysts expected C$935.00 million.

• IGM Financial Inc's reported EPS for the quarter was C$1.04​.

• The company reported quarterly net income of C$246.71 million.

• IGM Financial Inc shares had risen by 8.0% this quarter and gained 1.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.8% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for IGM Financial Inc is C$51.00, about 9.1% above its last closing price of C$46.36

This summary was machine generated from LSEG data August 7 at 02:41 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)