In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Macro Enterprises has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

TSXV:MCR - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2021	387	23	33	53	1
9/30/2021	349	-3	17	31	N/A
6/30/2021	332	-2	18	31	N/A
3/31/2021	289	-11	-5	11	N/A
12/31/2020	268	-12	-20	-5	N/A
9/30/2020	265	10	-29	-2	N/A
6/30/2020	285	10	4	33	N/A
3/31/2020	337	20	-2	38	N/A
12/31/2019	414	25	-15	24	N/A
9/30/2019	471	37	7	34	N/A
6/30/2019	398	31	-22	15	N/A
3/31/2019	304	18	-3	21	N/A
12/31/2018	191	9	15	39	N/A
9/30/2018	80	-7	8	32	N/A
6/30/2018	78	-8	8	13	N/A
3/31/2018	100	-3	2	7	N/A
12/31/2017	104	-3	0	5	N/A
9/30/2017	98	-3	-2	0	N/A
6/30/2017	79	-5	7	8	N/A
3/31/2017	58	-9	7	8	N/A
12/31/2016	54	-9	10	11	N/A
9/30/2016	46	-10	2	4	N/A
6/30/2016	52	-6	14	18	N/A
3/31/2016	94	2	27	34	N/A
12/31/2015	115	6	29	38	N/A
9/30/2015	143	11	29	40	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MCR's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if MCR's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if MCR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MCR's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if MCR's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MCR's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/07/20 18:37
End of Day Share Price	2022/04/22 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Macro Enterprises Inc. is covered by 4 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brian Pow	Acumen Capital Finance Partners Limited
Brent Watson	ATB Cormark Historical (Cormark Securities)
Jason Tucker	Paradigm Capital, Inc.

This company listing is no longer active

Macro Enterprises Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased to CA$4.50

Macro Enterprises Inc. Provides Earnings Guidance for the Year of 2021

Price target lowered to CA$4.25

Analysts increase EPS estimates to CA$0.34

Recent updates

Macro Enterprises Com (Canada) to Be Deleted from Other OTC

Frank Miles, Jeff Redmond and Kenneth Mastre’s estate completed the acquisition of remaining 70.2% stake in Macro Enterprises Inc. (TSXV:MCR) from Michael Nielsen, William McFetridge, Robert (Bob) L.Fedderly and others in a management buyout transaction.

Frank Miles, Jeff Redmond and Kenneth Mastre entered into an agreement to acquire Macro Enterprises Inc. (TSXV:MCR) for CAD 88.4 million in a management buyout transaction.

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

Second quarter 2021 earnings released: EPS CA$0.23 (vs CA$0.052 loss in 2Q 2020)

Price target increased to CA$4.50

Non-Independent Director recently sold CA$350k worth of stock

Are Investors Undervaluing Macro Enterprises Inc. (CVE:MCR) By 22%?

First quarter 2021 earnings released: EPS CA$0.09 (vs CA$0.045 in 1Q 2020)

Does Macro Enterprises (CVE:MCR) Have A Healthy Balance Sheet?

Full year 2020 earnings released: CA$0.39 loss per share (vs CA$0.82 profit in FY 2019)

Macro Enterprises Inc. Provides Earnings Guidance for the Year of 2021

New 90-day high: CA$2.81

The Returns At Macro Enterprises (CVE:MCR) Provide Us With Signs Of What's To Come

Macro Enterprises Inc.'s Wholly-Owned Subsidiary, Macro Projects Inc. Signs General Construction Contract with Trans Mountain

We're Not Counting On Macro Enterprises (CVE:MCR) To Sustain Its Statutory Profitability

Does Macro Enterprises (CVE:MCR) Have A Healthy Balance Sheet?

New 90-day high: CA$2.59

Price target lowered to CA$4.25

Macro Enterprises (CVE:MCR) Share Prices Have Dropped 32% In The Last Year

News Flash: Analysts Just Made A Captivating Upgrade To Their Macro Enterprises Inc. (CVE:MCR) Forecasts

Analysts increase EPS estimates to CA$0.34

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS CA$0.24

A Look At Macro Enterprises' (CVE:MCR) CEO Remuneration

New 90-day high: CA$2.47

New 90-day low: CA$2.10

Are Macro Enterprises's (CVE:MCR) Statutory Earnings A Good Guide To Its Underlying Profitability?

Will The ROCE Trend At Macro Enterprises (CVE:MCR) Continue?

How Does Macro Enterprises' (CVE:MCR) CEO Pay Compare With Company Performance?