What is Scotiabank’s Forecast for Empire FY2027 Earnings?

Empire (TSE:EMP) – Stock analysts at Scotiabank cut their FY2027 earnings estimates for Empire in a research note issued to investors on Thursday, September 10th. Scotiabank analyst J. Zamparo now anticipates that the company will post earnings of $3.48 per share for the year, down from their prior estimate of $3.58.

A number of other equities research analysts have also recently weighed in on the company. TD Securities upgraded Empire to a “hold” rating in a report on Wednesday, July 29th. BMO Capital Markets upgraded Empire from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Empire currently has a consensus rating of “Moderate Buy”.

Empire Stock Performance

Empire has a 12-month low of C$23.00 and a 12-month high of C$25.49.

Empire Company Profile

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations. The Company’s Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P.