Aritzia Inc reports results for the quarter ended May 31 - Earnings Summary

• Aritzia Inc ATZ reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of ten analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 34 cents to 42 cents per share.

• Revenue rose 33% to C$663.32 million from a year ago; analysts expected C$638.76 million.

• Aritzia Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of C$42.39 million.

• Aritzia Inc shares had risen by 5.7% this quarter and gained 39.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

• Wall Street's median 12-month price target for Aritzia Inc is C$82.50, about 9.6% above its last closing price of C$74.58

This summary was machine generated from LSEG data July 10 at 09:01 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)