• Tim SA TIMB.N reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of three analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 30 cents to 50 cents per share.

• Revenue fell 6.6% to $1.16 billion from a year ago; analysts expected $1.12 billion.

• Tim SA's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $145.15 million.

• Tim SA shares had fallen by 16.6% this quarter and lost 22.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the integrated telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Tim SA is $19.50

This summary was machine generated from LSEG data November 6 at 04:44 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)