Friday, 23 February 2024

Business News

Canadian Tire OTC (CDNAF) Q4 Earnings Cheat Sheet – TipRanks Financial Blog

Rent the Runway (RENT) Gets a Buy from JMP Securities – TipRanks Financial Blog

Canadian Tire OTC (CDNAF) is scheduled to report 4th quarter earnings on 02/15/2024, before the market opens.

Regarding Q4 estimates, Wall Street analysts expect Canadian Tire OTC to post earnings of C$4.84 per share. Revenue expectations are pegged at C$4.95 billion. Last quarter, Canadian Tire OTC missed earnings estimates, reporting EPS of C$2.96 on estimates of C$3.29. The stock fell by -2.53% the day after the last earnings release.

Year-to-date, CDNAF stock has risen by 0.95%.

Is Canadian Tire OTC Stock a Buy?

Wall Street’s consensus rating for CDNAF stock is a Strong Buy, with an average analyst price target of $124.06, implying upside potential of 17.10% from current levels.

CDNAF shares have lost about -6.82% in the past six months.

About Canadian Tire OTC

Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark’s, SportChek, Atmosphere, and PartSource monikers. The company acquired Helly Hansen, a Norwegian sportswear and workwear brand, in 2018. The firm also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70% of the unit).

Stay up-to-date on earnings this week, with TipRanks’ Earnings Calendar.

Click Here to Read the Full Original Article at TipRanks Financial Blog…