Cogeco Communications Inc reports results for the quarter ended May 31 - Earnings Summary

• Cogeco Communications Inc CCA reported quarterly adjusted earnings of C$1.67​​ per share for the quarter ended May 31, identical to the same quarter last year. The mean expectation of nine analysts for the quarter was for earnings of C$1.89 per share. Wall Street expected results to range from C$1.76 to C$2.11 per share.

• Revenue fell 2.7% to C$730.68 million from a year ago; analysts expected C$735.76 million.

• Cogeco Communications Inc's reported EPS for the quarter was C$1.64​.

• The company reported quarterly net income of C$69.9 million.

• Cogeco Communications Inc shares had risen by 1.2% this quarter and gained 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% 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 5 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Cogeco Communications Inc is C$75.75, about 6.4% above its last closing price of C$70.90

This summary was machine generated from LSEG data July 16 at 01:50 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)