Five TSX stocks that reported earnings, and what analysts are saying

Luke Juricic

Fri, May 16, 2025, 11:20 AM 4 min read

Investing.com -- A engaged net week for Canadian equities brought better-than-expected results for some, and renewed caution for others. From miners turning successful grounds profits to renewable vigor firms grappling with shortfalls, marketplace absorption to first-quarter numbers has been swift among analysts.

1. HudBay Minerals Inc (TSX:HBM)

Hudbay Minerals (NYSE:HBM) bushed marketplace expectations with Q1 adjusted net of $0.24 per share, outperforming the $0.18 statement estimate. Revenue climbed to $594.9 million, supporting adjusted EBITDA of $287.2 million—a 34% year-over-year increase.

The show was underpinned by a important boost successful golden accumulation successful Manitoba and record-low copper currency costs of antagonistic $0.45/lb, acknowledgment to beardown by-product credits. “Our beardown results… continued to present important escaped currency flows and industry-leading margins,” said CEO Peter Kukielski successful a statement.

Scotiabank’s Orest Wowkodaw raised his terms people from $12.00 to $12.50 portion maintaining a Sector Outperform rating. “We presumption the update arsenic affirmative for the shares,” helium noted, citing stronger-than-anticipated operating show and reaffirmed 2025 guidance.

1. Stantec (NYSE:STN) Inc (TSX:STN)

Stantec delivered beardown Q1 results with nett gross of $1.6 billion, up 13.3% year-over-year, and adjusted EPS of $1.16, an summation of 28.9%. Growth was supported by acquisitions and double-digit gross enlargement successful some Canadian and planetary markets.

CEO Gord Johnston called the 4th grounds of “continued momentum crossed each regions and concern lines,” arsenic the steadfast maintained its outlook for 7%-10% yearly gross growth. Stantec besides expanded its adjusted EBITDA borderline by 70 ground points to 16.2%.

TD (TSX:TD) Cowen’s Michael Tupholme reaffirmed a Buy standing and lifted the terms people from $145 to $165. “We stay constructive connected STN’s outlook… backed by its grounds backlog, affirmative end-market trends, borderline betterment imaginable and M&A execution,” helium said.

1. Boyd Group Services Inc (TSX:BYD)

Boyd Group’s Q1 header numbers presented a mixed representation marked by a nett nonaccomplishment of CAD $2.6 million, down from nett income of $8.4 cardinal a twelvemonth earlier. While full income ticked up 1% to $778.3 million, same-store income declined by 2.8%.

Gross margins improved to 46.2%, up 1.4%, but adjusted EBITDA dipped 1.4% to $80.5 million. COO Brian Kaner emphasized the firm’s comparative strength, saying, “We proceed to outperform the market… [but] expect the marketplace to beryllium down 2% from a claims measurement perspective.”

BMO (TSX:BMO) Capital’s Tristan Thomas-Martin reiterated his Outperform standing and a $280 terms target. "We expect BYD (SZ:002594) volition proceed to instrumentality marketplace stock and amended margins down ongoing outgo initiatives," helium said, noting manufacture headwinds whitethorn persist done Q2.