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

Linamar

10/05/2023 22:01

* Linamar Corp  LNR.TO  reported quarterly adjusted earnings
of
C$1.98​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
C$1.75 per share.
    * Revenue rose 28.9% to C$2.29 billion from a year ago;
analysts
expected C$2.10 billion. 
    * The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Linamar Corp shares had risen by 0.0% this quarter and
gained 6.1% so far this year.
    * The company reported quarterly net income of C$117
million.
    * Wall Street's median 12-month price target for Linamar
Corp is
C$86.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 09:01 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.75           1.98           Beat
 Dec. 31 2022      1.65           1.61           Missed
 Sep. 30 2022      1.77           1.91           Beat
 Jun. 30 2022      1.38           1.68           Beat