Q2 2020 EPS Estimates for Empire (TSE:EMP) Cut by Desjardins

Empire (TSE:EMP) – Stock analysts at Desjardins dropped their Q2 2020 earnings estimates for Empire in a note issued to investors on Wednesday, December 11th. Desjardins analyst C. Li now expects that the company will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.62. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Empire’s FY2020 earnings at $1.93 EPS and FY2021 earnings at $2.15 EPS.

Empire (TSE:EMP) last issued its quarterly earnings results on Thursday, September 12th. The company reported C$0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.49. The business had revenue of C$6.74 billion for the quarter, compared to analysts’ expectations of C$6.88 billion.

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

Empire Company Profile

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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