Q: Your analysis of results and outlook, please
Sheldon
Sheldon
5i Research Answer:
EPS of 16c beat estimates of 12.2c; revenue of $197.4M beat estimates of $113.5M. EBITDA of $147M crushed estimates of $69M. However, TCN narrowed its cash flow guidance, citing lower rent and ancillory revenue. This did surprise analysts. Cash flow per share is expected at 55c to 58c, versus 57c estimated. It also expects less acquisitions this year. The Toronto segment still shows promise and the stock is still up 11% YTD, but the outlook may mute things for a quarter or two. We would not however change our overall positive viewpoint here.