Canfor Corp expected to post a loss of 39 cents a share - Earnings Preview

Canfor

26/07/2023 24:39

* Canfor Corp  CFP.TO   is expected to show a fall in
quarterly
revenue when it reports  results on July 27. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 35.3% decrease in revenue to C$1.405 billion from
C$2.17 billion a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Canfor Corp is for
a loss
of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Canfor Corp
is
C$30​, above​ its last closing price of C$22.06. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.72       -0.66      -1.20     Missed  -80.5
 Dec. 31 2023  -0.53       -0.44      -1.04     Missed  -134.6
 Sep. 30 2022  0.61        0.63       0.80      Beat    26.3​
 Jun. 30 2022  2.71        2.70       3.07      Beat    13.8
 ​​Mar.        4.38        4.42       4.25      Missed  -3.8
 31 2022                                                
 Dec. 31 2021  1.59        1.45       1.24      Missed  -14.6​
 Sep. 30 2021  1.59        1.60       1.69      Beat    5.9
 Jun. 30 2021  5.42        5.27       5.76      Beat    9.3
 This summary was machine generated July 25 at 23:39 GMT.  All
figures in Canadian dollars  unless otherwise stated