What is William Blair's Forecast for TIXT Q4 Earnings?

TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) - Investment analysts at William Blair cut their Q4 2024 earnings estimates for shares of TELUS International (Cda) in a research report issued on Monday, November 11th. William Blair analyst M. Nolan now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their prior forecast of $0.04. William Blair has a "Market Perform" rating on the stock. The consensus estimate for TELUS International (Cda)'s current full-year earnings is $0.44 per share. William Blair also issued estimates for TELUS International (Cda)'s FY2025 earnings at $0.31 EPS.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. During the same period last year, the firm earned $0.19 earnings per share.

A number of other brokerages also recently weighed in on TIXT. TD Cowen downgraded shares of TELUS International (Cda) from a "buy" rating to a "hold" rating and lowered their price objective for the company from $10.00 to $3.75 in a research report on Tuesday, August 6th. CIBC lowered TELUS International (Cda) from a "sector outperform" rating to a "neutral" rating in a research report on Tuesday, August 6th. BMO Capital Markets cut their target price on TELUS International (Cda) from $7.50 to $4.75 and set a "market perform" rating on the stock in a research note on Monday, August 5th. TD Securities reaffirmed a "hold" rating and issued a $3.75 price objective (down previously from $10.00) on shares of TELUS International (Cda) in a report on Tuesday, August 6th. Finally, Bank of America cut shares of TELUS International (Cda) from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $11.00 to $4.00 in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, TELUS International (Cda) has an average rating of "Hold" and a consensus price target of $7.37.

TELUS International (Cda) Stock Down 3.8 %

TELUS International (Cda) stock traded down $0.15 during mid-day trading on Wednesday, reaching $3.75. The company's stock had a trading volume of 367,951 shares, compared to its average volume of 330,928. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.02. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51. The business has a 50 day moving average price of $3.74 and a 200-day moving average price of $4.93.

Hedge Funds Weigh In On TELUS International (Cda)

A number of institutional investors have recently bought and sold shares of the stock. QV Investors Inc. lifted its holdings in shares of TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company's stock valued at $23,496,000 after purchasing an additional 4,804,521 shares in the last quarter. Horrell Capital Management Inc. purchased a new stake in shares of TELUS International (Cda) during the third quarter worth $2,248,000. Mackenzie Financial Corp boosted its position in TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company's stock valued at $48,744,000 after purchasing an additional 472,103 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in TELUS International (Cda) in the first quarter valued at about $2,758,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its position in TELUS International (Cda) by 5.8% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company's stock worth $12,301,000 after purchasing an additional 173,477 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company's stock.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.