Tricon Residential Inc (TCN.CA) Forecast, Price Target & Analyst Ratings
TSX:TCN • CA89612W1023
15.34 CAD
-0.12 (-0.78%)
Last: May 2, 2024, 07:00 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Tricon Residential Inc (TCN.CA).
Forecast Snapshot
Consensus Price Target
CA$12.26
-20.07% Downside
Next Earnings Forecast
Release DateAug 6, 2024
PeriodQ1 / 2024
EPS Estimate$0.07
Revenue Estimate
ChartMill Buy Consensus
71.11%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$12.26
Upside
-20.07%
From current price of CA$15.34 to mean target of CA$12.26, Based on 9 analyst forecasts
Low
CA$10.10
Median
CA$11.22
High
CA$15.91
Price Target Revisions
1 Month
-5.26%
3 Months
4.25%
Price Target Summary
9 Wall Street analysts provided a forecast for the next 12 months for TCN.CA. The average price target is 12.26 CAD. This implies a price decrease of -20.07% is expected in the next year compared to the current price of 15.34.
The average price target has been revised upward by 4.25% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
71.11%
TCN.CA was analyzed by 9 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about TCN.CA.
In the previous month the buy percentage consensus was at a similar level.
TCN.CA was analyzed by 9 analysts. More opinions would make the average more meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2022-12-15 | Keefe Bruyette Woods Capital | Maintains | Hold |
| 2022-12-15 | STA Research | Maintains | Underperform |
| 2022-11-16 | Raymond James Capital | Downgrade | Strong Buy |
| 2022-11-14 | RBC Royalbank | Downgrade | Outperform |
| 2022-11-14 | STA Research | Maintains | Underperform |
| 2022-11-14 | Goldman Sachs | Upgrade | Buy |
| 2022-11-11 | TD Research | Downgrade | Buy |
| 2022-11-10 | BMO Financial | Downgrade | |
| 2022-11-10 | CIBC Capital Markets | Maintains | Outperform |
| 2022-11-10 | Scotiabank Capital | Maintains | Outperform |
| 2022-11-09 | Scotiabank Capital | Upgrade | Outperform |
| 2022-11-04 | Scotiabank Capital | Maintains | Outperform |
| 2022-10-27 | Scotiabank Capital | Maintains | Outperform |
| 2022-10-24 | National Bank of Canada Financial | Downgrade | |
| 2022-10-18 | Goldman Sachs | Initiate | Buy |
| 2022-10-13 | Raymond James Capital | Downgrade | Strong Buy |
| 2022-10-13 | CIBC Capital Markets | Downgrade | Outperform |
| 2022-10-13 | STA Research | Maintains | Underperform |
| 2022-10-12 | BMO Financial | Downgrade | |
| 2022-10-12 | Scotiabank Capital | Maintains | Outperform |
| 2022-09-19 | STA Research | Maintains | Underperform |
| 2022-09-19 | Citigroup | Initiate | Buy |
| 2022-08-25 | Morgan Stanley | Downgrade | Hold |
| 2022-08-24 | Raymond James Capital | Upgrade | Outperform |
| 2022-08-22 | National Bank of Canada Financial | Upgrade | Outperform |
Next Earnings Forecast Details
Next Earnings Details
Release DateAug 6, 2024
PeriodQ1 / 2024
EPS Estimate$0.07
Revenue EstimateN/A
Revenue Q2QN/A
EPS Q2Q-11.62%
Number of Analysts2
Next Earnings Revisions
Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%
Next Earnings Summary
TCN.CA is expected to report earnings on 8/6/2024. The consensus EPS estimate for the next earnings is 0.07 CAD and the consensus revenue estimate is null CAD.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|
| Revenue YoY % growth | 496.6M 23.81% | 805.7M 62.24% | 849.775M 5.47% | 492.98M -41.99% | 544.09M 10.37% | |
| EBITDA YoY % growth | -8.1M -105.61% | 110.9M 1,469.14% | 258.823M 133.38% | 331.28M 27.99% | 372.79M 12.53% | |
| EBIT YoY % growth | -20.2M -115.12% | 95.3M 571.78% | 241.029M 152.92% | 258.46M 7.23% | 289.57M 12.04% | |
| Operating Margin | -4.07% | 11.83% | 28.36% | 52.43% | 53.22% | |
| EPS YoY % growth | N/A 93.92% | N/A 132.29% | 0.57 -74.69% | 0.29 -48.61% | 0.40 37.93% |
All data in USD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q1 / 24 | Q2 / 24 | Q3 / 24 | Q4 / 24 | |
|---|---|---|---|---|
| EPS Q2Q % growth | 0.07 -11.62% | 0.07 -55.81% | 0.08 -55.11% | 0.07 -52.87% |
| Revenue Q2Q % growth | N/A | N/A | N/A | N/A |
| EBITDA Q2Q % growth | N/A | N/A | N/A | N/A |
| EBIT Q2Q % growth | 63.832M -33.02% | 63.731M 134.31% | 66.256M 13.45% | 64.539M -10.99% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
N/A
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
Tricon Residential Inc / TCN.CA Forecast FAQ
What do analysts expect the price target to be for Tricon Residential Inc (TCN.CA)?
9 analysts have analysed TCN.CA and the average price target is 12.26 CAD. This implies a price decrease of -20.07% is expected in the next year compared to the current price of 15.34.
Can you provide the upcoming earnings date for Tricon Residential Inc?
Tricon Residential Inc (TCN.CA) will report earnings on 2024-08-06, after the market close.
What is the consensus rating for TCN stock?
The consensus rating for Tricon Residential Inc (TCN.CA) is 71.1111 / 100 . This indicates that analysts generally have a positive outlook on the stock.