Transat A.T. V & Vv (TSE:TRZ) reported an earnings miss today for its 3rd quarter, ending 7/31/2022. Earnings per share came in at -C$3.20, versus the expected -C$3.19.
The reported revenue of C$508.3 million represents growth of 41.92% compared to the previous quarter, and growth of 3,950.88% compared to the same period last year.
For the 4th quarter, analysts project earnings of -C$2.08 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for TSE:TRZ stock.
What to Expect from Transat A.T. V & Vv Stock
According to TipRanks, the average analyst consensus on TSE:TRZ stock is a Strong Sell. This consensus is based on 3 analyst ratings made in the past 3 months. Transat A.T. V & Vv’s average price target of C$2.83 implies downside potential of -7.21% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings miss can signify negative movement ahead for a stock’s price. Currently, TSE:TRZ price is C$3.05, indicating a 5-day rise of 3.74%.