The Globe and Mail attempts to identify companies that
show consistent earnings growth
and have exceeded analyst
expectations in the most recent
quarter in its Thursday, Nov. 19, edition. The Globe's Ian Tam writes in the Number Cruncher column that as the third quarter reporting
season wraps up in Canada, he wanted to use this opportunity
to highlight the
companies that exceeded analyst
expectations in the latest
reporting period, but also have a
history of consistently growing
earnings. To achieve this, Mr. Tam
looked for companies with stable
earnings, positive quarterly earnings
surprises, positive five-year earnings-per-share
growth rates and positive three-month earnings-per-share estimate
revisions.
Mr. Tam only considered companies with a market cap greater than $650-million. In addition, he only included companies that are not set to
report in the next 20 days, reflecting the fact that they have
indeed reported their latest
quarter of earnings recently.
Mr. Tam's solid earning growers are CGI Group, Industrial Alliance Insurance and Financial Services, Enerflex and Constellation Software.
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