Desjardins Weighs in on Corus Entertainment’s FY2018 Earnings (CJR)

Corus Entertainment (TSE:CJR) – Desjardins dropped their FY2018 earnings estimates for Corus Entertainment in a research report issued to clients and investors on Thursday, June 28th. Desjardins analyst M. Yaghi now expects that the company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.13. Desjardins also issued estimates for Corus Entertainment’s FY2019 earnings at $1.09 EPS.

Separately, National Bank Financial upgraded Corus Entertainment from an “underperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 27th.

Shares of TSE CJR opened at C$7.20 on Monday. Corus Entertainment has a one year low of C$6.93 and a one year high of C$14.10.

Corus Entertainment (TSE:CJR) last issued its earnings results on Wednesday, June 27th. The company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.02. Corus Entertainment had a return on equity of 12.70% and a net margin of 18.59%. The firm had revenue of C$441.41 million for the quarter, compared to the consensus estimate of C$452.73 million.

About Corus Entertainment

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

Earnings History and Estimates for Corus Entertainment (TSE:CJR)

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