Cormark Comments on (CUM.TO)’s Q4 2022 Earnings (TSE:CUM)

(CUM.TO) (TSE:CUMGet Rating) – Analysts at Cormark lowered their Q4 2022 earnings estimates for (CUM.TO) in a research report issued to clients and investors on Monday, January 9th. Cormark analyst S. Ioannou now expects that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.05.

(CUM.TO) (TSE:CUMGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.12). The business had revenue of C$58.26 million for the quarter, compared to analysts’ expectations of C$77.00 million.

Separately, Desjardins reaffirmed a “buy” rating on shares of (CUM.TO) in a research report on Tuesday, November 29th.

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