Saputo Inc reports results for the quarter ended September 30 - Earnings Summary

• Saputo Inc SAP reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of eight analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 34 cents to 42 cents per share.

• Revenue rose 8.9% to $4.71 billion from a year ago; analysts expected C$4.58 billion.

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

• The company reported quarterly net income of C$126 million.

• Saputo Inc shares had fallen by 8.3% this quarter and lost 0.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% 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 "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and 1 "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 Saputo Inc is 35.00

This summary was machine generated from LSEG data November 9 at 12:29 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)