- Metro Inc‘s adjusted earnings per share (EPS) for the first quarter reached C$1.10, beating the previous year’s C$1.02 and the estimate of C$1.09.
- Reported EPS was C$1.16, compared to C$0.99 in the same period last year.
- Sales totaled C$5.12 billion, marking a 2.9% increase from the previous year and matching the estimate.
- Food comparable sales grew by 1% year-over-year, although this was below the previous year’s growth of 6.1% and the estimate of 2.09%.
- Metro attributed their solid results to strong revenue growth and effective expense control.
- The newly launched Moi Rewards program in Ontario contributed positively by increasing customer traffic and tonnage.
- Analyst recommendations for Metro Inc include 3 buy ratings, 8 hold ratings, and 1 sell rating.
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A look at Metro Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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
Looking ahead, Metro Inc. appears to have a positive long-term outlook based on the Smartkarma Smart Scores analysis. With solid momentum and a decent value score, the company is positioned well for potential growth in the future. Metro Inc.’s focus on distributing food and pharmaceutical products through its network of stores in Quebec and Ontario shows its resilience in a competitive market. While dividend and growth scores are middling, the company’s strong momentum score indicates positive investor sentiment and market performance.
In summary, Metro Inc., a leading distributor of food and pharmaceutical products with a strong presence in Quebec and Ontario, showcases promising indicators for its long-term future. The company’s Smartkarma Smart Scores reflect a balanced mix of value, growth, resilience, and momentum, suggesting a foundation for continued success and stability in its operations.
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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