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

• Jamieson Wellness Inc JWEL.TO reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of five analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 31 cents to 39 cents per share.

• Revenue rose 7.7% to C$199.11 million from a year ago; analysts expected C$196.46 million.

• Jamieson Wellness Inc's reported EPS for the quarter was 30 cents​.

• Jamieson Wellness Inc shares had fallen by 1.5% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Jamieson Wellness Inc is C$42.00, about 16.7% above its last closing price of C$34.97

This summary was machine generated from LSEG data August 8 at 07:00 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)