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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

North West Company Inc. (The) (NWC)

Q: Hello
Why the bump today? Report due tomorrow. Would seem a bit odd for the stock to add 4 % pre reporting do you agree?
What is the consensus for earnings tomorrow?
Thanks
Jeff

Asked by JEFF on December 05, 2023

5i Research Answer:

RBC raised its target ($36 to $38) and that is likely the source of excitement. Typically yes, it is rare to see such moves so close to reporting. Estimates are sales: $601.7M, EPS 70c; EBITDA $77.1M.

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