Q2 2023 EPS Estimates for Empire Decreased by Desjardins (TSE:EMP)

Empire (TSE:EMPGet Rating) – Research analysts at Desjardins lowered their Q2 2023 earnings estimates for Empire in a report released on Thursday, September 15th. Desjardins analyst C. Li now forecasts that the company will earn $0.71 per share for the quarter, down from their prior estimate of $0.78. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Empire’s Q3 2023 earnings at $0.73 EPS, Q4 2023 earnings at $0.73 EPS and FY2024 earnings at $3.13 EPS.

Empire Price Performance

Empire has a 12-month low of C$23.00 and a 12-month high of C$25.49.

Empire (TSE:EMPGet Rating) last issued its earnings results on Wednesday, June 22nd. The company reported C$0.68 EPS for the quarter, missing analysts’ consensus estimates of C$0.69 by C($0.01). The firm had revenue of C$7.84 billion for the quarter, compared to analyst estimates of C$7.89 billion.

Empire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, October 13th.

Empire Company Profile

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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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Earnings History and Estimates for Empire (TSE:EMP)

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