(THI) Tim Hortons Inc. – Estimates Continue to Climb Following its Latest Earnings Report

October 12th, 2009

Tim Hortons Inc.’s (THI) estimates continue to climb following its latest earnings report.

Rising Consensus

Since Alex wrote about the donut shop a few weeks ago, it has seen 2 upward revisions for both this year and the next. The Zacks Consensus Estimate is up a penny for both periods to $1.67 and $1.86, respectively.

These levels are good enough for year-over-year growth of 8% and 11%.

Expanding

Tim Hortons opened 25 new stores during the last quarter. The U.S. has 10 new locations and Canada has the remaining 15. Additionally, the company announced plans to increase its foothold in New York City, with 12 new locations.

You may also start to see stores co-branded with Cold Stone Creamery, 39 of which were added during the quarter.

The Chart

As you can see below, the consensus estimates are making a comeback after sliding during the recession. Fortunately, shares have a lot of room to catch up.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
Tim Hortons Strikes New York (Shocked Investor, 7/15/09)
Running The Numbers - Startbucks ($SBUX) Looks Frothy (Valuecruncher, 8/26/09)
McDonald’s (MCD) trying to deal blow to Tim Hortons (THI) (Intelligent Speculator, 4/20/09)
$$ Tim Horton’s $THI (phantasmix.com, 1/3/10)
Read more on Tim Hortons, Tim Hortons Inc at Wikinvest


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