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

• Quebecor Inc QBRb.TO reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of nine analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 92 cents to C$1.05 per share.

• Revenue fell 0.5% to C$1.38 billion from a year ago; analysts expected C$1.38 billion.

• Quebecor Inc's reported EPS for the quarter was 94 cents​.

• The company reported quarterly net income of C$217.7 million.

• Quebecor Inc shares had fallen by 6.9% this quarter and gained 22.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "hold."

• Wall Street's median 12-month price target for Quebecor Inc is C$42.00, about 8.1% above its last closing price of C$38.58

This summary was machine generated from LSEG data August 7 at 04:20 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)