Cogeco Communications Inc reports results for the quarter ended November 30 - Earnings Summary

• Cogeco Communications Inc CCA.TO reported quarterly adjusted earnings of C$2.38​​ per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of C$2.01. The mean expectation of nine analysts for the quarter was for earnings of C$2.04 per share. Wall Street expected results to range from C$1.87 to C$2.19 per share.

• Revenue fell 1.2% to C$738.70 million from a year ago; analysts expected C$742.72 million.

• Cogeco Communications Inc's reported EPS for the quarter was C$2.38​.

• The company reported quarterly net income of C$100.59 million.

• Cogeco Communications Inc shares had risen by 0.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "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$78.25

This summary was machine generated from LSEG data January 13 at 11:33 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)