Canadian Tire Corporation Ltd reports results for the quarter ended June 30 - Earnings Summary

• Canadian Tire Corporation Ltd CTCa.TO reported quarterly adjusted earnings of C$3.57​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$3.56. The mean expectation of nine analysts for the quarter was for earnings of C$3.91 per share. Wall Street expected results to range from C$3.61 to C$4.12 per share.

• Revenue rose 1.7% to C$4.20 billion from a year ago; analysts expected C$4.09 billion.

• Canadian Tire Corporation Ltd's reported EPS for the quarter was C$2.04​.

• The company reported quarterly net income of C$132.2 million.

• Canadian Tire Corporation Ltd shares had fallen by 0.2% this quarter and gained 22.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the department stores peer group is "buy."

• Wall Street's median 12-month price target for Canadian Tire Corporation Ltd is C$181.00, about 2.3% below its last closing price of C$185.11

This summary was machine generated from LSEG data August 7 at 04:29 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)