Q3 2018 Earnings Estimate for Empire Company Limited Issued By National Bank Financial (EMP)
Empire Company Limited (TSE:EMP) – Equities research analysts at National Bank Financial boosted their Q3 2018 earnings per share estimates for Empire in a research report issued to clients and investors on Thursday. National Bank Financial analyst now expects that the company will post earnings of $0.25 per share for the quarter, up from their prior forecast of $0.21. National Bank Financial also issued estimates for Empire’s Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $1.05 EPS, Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.44 EPS.
Empire (TSE:EMP) last posted its earnings results on Wednesday, December 13th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.02. Empire had a negative net margin of 0.31% and a negative return on equity of 2.58%. The business had revenue of C$6.03 billion for the quarter, compared to analyst estimates of C$6.09 billion.
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Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.
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