Q2 2020 EPS Estimates for Empire (TSE:EMP) Boosted by National Bank Financial

Empire (TSE:EMP) – Stock analysts at National Bank Financial lifted their Q2 2020 earnings per share estimates for shares of Empire in a research note issued on Tuesday, December 3rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $0.57 per share for the quarter, up from their prior estimate of $0.52. National Bank Financial also issued estimates for Empire’s Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.55 EPS, FY2020 earnings at $2.11 EPS, Q3 2021 earnings at $0.58 EPS and Q4 2021 earnings at $0.63 EPS.

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

Separately, Desjardins reaffirmed a “buy” rating on shares of Empire in a research note on Thursday, November 28th.

Empire has a 1 year low of C$23.00 and a 1 year high of C$25.49.

About Empire

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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