Canadian Tire Co. Limited (TSE:CTC) – National Bank Financial dropped their Q2 2019 earnings estimates for shares of Canadian Tire in a report released on Monday, July 29th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $3.06 per share for the quarter, down from their previous estimate of $3.13. National Bank Financial also issued estimates for Canadian Tire’s Q3 2019 earnings at $3.54 EPS, Q4 2019 earnings at $5.12 EPS, Q1 2020 earnings at $1.21 EPS, Q2 2020 earnings at $3.29 EPS, Q3 2020 earnings at $3.79 EPS, Q4 2020 earnings at $5.51 EPS and FY2020 earnings at $13.80 EPS.
Separately, Royal Bank of Canada reiterated an “average” rating and issued a C$197.00 price objective on shares of Canadian Tire in a report on Monday, April 29th.
Canadian Tire (TSE:CTC) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.41 by C($0.29). The firm had revenue of C$2.89 billion during the quarter, compared to analyst estimates of C$2.97 billion.
About Canadian Tire
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, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.
Further Reading: The Structure of a Futures Contract
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.