02:36 PM EDT, 04/25/2024 (MT Newswires) -- On Wednesday, Metro reported Q2/F24 adjusted EPS of $0.91 versus NBF at $0.93 and consensus at $0.89; last year was $0.96.

National Bank views Q2/F24 results to be largely neutral. EPS expectations are largely unchanged; F2024 remains $4.28 (guidance is $4.20-$4.30; consensus is $4.25) and F2025 goes to $4.76 from $4.74. (

"We believe that Metro is a solid company which has delivered solid long-term returns; however, these attributes are adequately reflected in valuation," writes analyst Vishal Shreedhar.

He adds that the F2024 earnings slowdown will be temporary, and expects growth to resume in F2025.

Maintain Sector Perform rating; price target lifted to $82 from $80.

Price: 71.09, Change: +0.81, Percent Change: +1.15