Loblaw Companies (LBLCF) Expected to Announce Earnings on Wednesday

Key Points

• Loblaw Companies is expected to report earnings on Wednesday, May 6, with analysts forecasting $0.3717 EPS and $10.4863 billion in revenue.
• In the prior quarter (reported Feb. 25) Loblaw missed EPS estimates, posting $0.45 vs. a consensus $0.48, with revenue of $11.92 billion versus estimates of $12.23 billion; net margin was 4.13% and ROE 25.43%.
• The stock opened at $45.23, trading in a one-year range of $37.99–$50.29, with a market cap of $52.73 billion, a PE ratio of 47.61, and a debt-to-equity ratio of 1.32.

Loblaw Companies (OTCMKTS:LBLCF - Get Free Report) is anticipated to post its resultson Wednesday, May 6th. Analysts expect Loblaw Companies to post earnings of $0.3717 per share and revenue of $10.4863 billion for the quarter.

Loblaw Companies (OTCMKTS:LBLCF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Loblaw Companies had a net margin of 4.13% and a return on equity of 25.43%. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $12.23 billion.

Loblaw Companies Price Performance

Shares of OTCMKTS:LBLCF opened at $45.23 on Wednesday. Loblaw Companies has a 1-year low of $37.99 and a 1-year high of $50.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.61. The business has a fifty day moving average price of $46.21 and a 200-day moving average price of $44.92. The company has a market capitalization of $52.73 billion and a PE ratio of 47.61.

About Loblaw Companies

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.

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