Power Corporation of Canada reports results for the quarter ended June 30 - Earnings Summary

• Power Corporation of Canada POW.TO reported quarterly adjusted earnings of C$1.38​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$1.17. The mean expectation of eight analysts for the quarter was for earnings of C$1.29 per share. Wall Street expected results to range from C$1.25 to C$1.35 per share.

• Revenue rose 26.2% to C$9.23 billion from a year ago.

• Power Corporation of Canada's reported EPS for the quarter was C$1.20​.

• The company reported quarterly net income of C$1.19 billion.

• Power Corporation of Canada shares had risen by 6.8% this quarter and gained 26.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% 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 5 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the life & health insurance peer group is also "buy"

• Wall Street's median 12-month price target for Power Corporation of Canada is C$57.00, about 0.4% above its last closing price of C$57.23

This summary was machine generated from LSEG data August 8 at 05:19 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)