Intact Financial Corp <IFC.TO>: Profits of C$2.70 announced for third quarter

9 November 2022 11:09 a.m. ​All figures in Canadian dollars. The profits announced by Intact Financial Corp in the third quarter were lower than the Refinitiv mean estimate of profits. The company reported profits of C$2.70 per share, 17 cents lower than the same quarter last year when the company reported EPS of C$2.87. Profits of C$2.76 per share were anticipated by the thirteen analysts providing estimates for the quarter. Wall Street expected results to range from C$1.80 to C$3.15 per share, with a forecasted mean of C$2.76 per share. The company reported revenue of C$5.15 billion, which is higher than the estimated C$4.95 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the property & casualty insurance peer group is also "Buy". FORECAST CHANGES * Twelve analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to C$5.15 billion from C$4.95 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 2.78​ 3.14 Beat Mar. 31 2022 2.37 2.70 Beat Dec. 31 2021 2.62 3.78 Beat​ Sep. 30 2021 1.80 2.87 Beat This summary was machine generated from Refinitiv data November 9 at 11:09 a.m.