Brokers Offer Predictions for Canadian Tire Co. Limited’s Q1 2019 Earnings (CTC)

Share on StockTwits

Canadian Tire Co. Limited (TSE:CTC) – Equities researchers at National Bank Financial lowered their Q1 2019 earnings per share (EPS) estimates for shares of Canadian Tire in a report issued on Sunday, October 28th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $1.27 for the quarter, down from their previous forecast of $1.34. National Bank Financial also issued estimates for Canadian Tire’s Q2 2019 earnings at $3.25 EPS.

Shares of TSE:CTC opened at C$225.20 on Tuesday. Canadian Tire has a 12-month low of C$225.20 and a 12-month high of C$269.90.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$2.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$3.13 by C($0.53). The company had revenue of C$3.48 billion for the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Tire had a net margin of 7.45% and a return on equity of 23.42%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, and petroleum under the Canadian Tire, Canadian Tire Gas, Mark's, PartSource, and FGL banners.

Read More: What is a Fiduciary?

Earnings History and Estimates for Canadian Tire (TSE:CTC)

Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply