Linamar Corp reports results for the quarter ended in March - Earnings Summary

Linamar

11/05/2022 23:35

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of
C$1.08​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
98 cents per share.
    * Revenue fell 0.2% to C$1.78 billion from a year ago; 
analysts
expected C$1.64 billion. 
    * Linamar Corp's reported EPS for the quarter was C$1.47​.
    * The mean earnings estimate of analysts had fallen by
about 23.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Linamar Corp shares had fallen by 13.9% this quarter and
lost 36.1% so far this year.
    * The company reported quarterly net income of C$96.3
million.
    * Wall Street's median 12-month price target for Linamar
Corp is
C$84.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 11 at 10:34 p.m.  ​All
figures in Canadian dollars unless otherwise stated