Q: Your opinion on results, buy sell hold.
5i Research Answer:
EPS of 10.4c missed estimates of 21.9c; revenue of $2.65B beat estimates of $2.51B. EBITDA of $117M missed estimates by 1%. Scotia raised its target price. Guidance was largely maintained, with EBITDA at $510M to $540M, vs estimates of $530M. It renewed its buyback for up to 8% of its shares. Capital spending has been raised to $85M. About 10% growth is expected this year. The balance sheet is fine. We would consider the outlook decent here, but the stock has been weak and the 'miss' may keep buyers at bay in the short term.