Earnings Alerts

Empire Co Ltd (EMP/A) Earnings: 1Q Adjusted EPS Surpasses Estimates at C$0.90

By September 12, 2024 No Comments
  • Adjusted EPS: Empire Co’s adjusted EPS for Q1 is C$0.90, up from C$0.78 last year, beating the C$0.87 estimate.
  • Sales Growth: Sales for Q1 reached C$8.14 billion, an increase of 0.8% from the previous year, exceeding the C$8.05 billion estimate.
  • Adjusted Ebitda: Adjusted Ebitda stood at C$659.1 million, a 2.8% increase year over year, surpassing the estimate of C$651.2 million.
  • Comparable Sales: Comparable sales excluding fuel rose by 1%, compared to a 4.1% increase last year and an estimate of 0.45%.
  • Leadership Comments: Michael Medline, President & CEO of Empire, expressed confidence going into fiscal 2025, highlighting strong same-store sales growth and effective margin and cost management.
  • Analyst Ratings: Empire Co has received 2 buy ratings, 4 hold ratings, and 1 sell rating from analysts.

A look at Empire Co Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience2
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Empire Company Limited, a diversified company with key operations in food distribution, real estate, and corporate investments, is receiving mixed reviews in its Smartkarma Smart Scores analysis. While the company demonstrates strong momentum with a top score of 5, indicating positive market trends, its overall outlook is moderate with value, dividend, and growth all scoring a 3. This suggests a neutral stance on the company’s financial health and potential for future expansion. However, the resilience aspect, with a score of 2, shows that Empire Co Ltd may face some challenges in navigating economic uncertainties and industry fluctuations in the long term.

Looking ahead, Empire Co Ltd seems to be in a position of stability and growth potential, supported by its respectable scores across various factors. Investors may find the company attractive for its momentum, indicating strong market performance. However, the average scores in value, dividend, and growth imply a cautious approach may be warranted. Overall, while Empire Co Ltd shows promising signs, particularly in momentum, investors should carefully consider the company’s resilience factor and weigh it against the other scores when evaluating its long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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