Q2 2023 Earnings Forecast for Metro Inc. (TSE:MRU) Issued By Atb Cap Markets


Metro Inc. (TSE:MRUGet Rating) – Atb Cap Markets upped their Q2 2023 earnings per share (EPS) estimates for shares of Metro in a report issued on Thursday, January 19th. Atb Cap Markets analyst K. Tyghe now forecasts that the company will post earnings of $0.92 per share for the quarter, up from their prior estimate of $0.91. The consensus estimate for Metro’s current full-year earnings is $4.44 per share. Atb Cap Markets also issued estimates for Metro’s Q4 2023 earnings at $1.04 EPS, FY2023 earnings at $4.21 EPS, Q1 2024 earnings at $1.00 EPS, Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $1.38 EPS, Q4 2024 earnings at $1.11 EPS and FY2024 earnings at $4.48 EPS.

A number of other equities analysts have also commented on the company. National Bankshares raised their price target on Metro from C$75.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Thursday, November 17th. Scotiabank raised their price target on Metro from C$77.00 to C$79.00 in a report on Thursday, November 17th. Canaccord Genuity Group increased their price objective on Metro from C$71.00 to C$72.00 in a research report on Thursday, November 17th. ATB Capital increased their price objective on Metro from C$76.00 to C$80.00 in a research report on Thursday, November 17th. Finally, TD Securities increased their price objective on Metro from C$75.00 to C$76.00 and gave the stock a “hold” rating in a research report on Thursday, November 17th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$76.89.

Metro Price Performance

Shares of TSE MRU opened at C$74.46 on Monday. The stock has a fifty day simple moving average of C$76.04 and a two-hundred day simple moving average of C$72.52. Metro has a 1-year low of C$62.86 and a 1-year high of C$78.90. The firm has a market cap of C$17.53 billion and a price-to-earnings ratio of 20.68. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 62.28.

Metro (TSE:MRUGet Rating) last posted its quarterly earnings results on Wednesday, November 16th. The company reported C$0.92 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.90 by C$0.02. The firm had revenue of C$4.43 billion for the quarter, compared to analyst estimates of C$4.27 billion.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.

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Earnings History and Estimates for Metro (TSE:MRU)



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