Canfor Corp expected to post a loss of 58 cents a share - Earnings Preview

Canfor

24/07/2024 21:26

* Canfor Corp  CFP.TO   is expected to show a fall in
quarterly
revenue when it reports  results on July 26 for the period
ending June 30 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 7.2% decrease in revenue to C$1.342 billion from C$1.45
billion a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Canfor Corp is for a
loss
of 58 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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$20.00​, above​ its last closing price of C$14.90. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.64       -0.66      -0.44     Beat    33.3
 Dec. 31 2024  -0.60       -0.70      -1.06     Missed  -51.1
 Sep. 30 2023  -0.44       -0.35      -0.16     Beat    54​
 Jun. 30 2023  -0.57       -0.38      -0.36     Beat    5.8
 ​​Mar.        -0.72       -0.66      -1.20     Missed  -80.5
 31 2023                                                
 Dec. 31 2022  -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
 This summary was machine generated July 24 at 20:26 GMT.  All
figures in Canadian 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)