Canfor Corp expected to post a loss of 66 cents a share - Earnings Preview

Canfor

30/04/2024 19:57

* Canfor Corp  CFP.TO   is expected to show a fall in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 6.7% decrease in revenue to C$1.292 billion from C$1.39
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 66 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 had risen by
about 7.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Canfor Corp
is
C$22.00​, above​ its last closing price of C$14.25. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -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. 31 2023  -0.72       -0.66      -1.20     Missed  -80.5
 ​​Dec.        -0.53       -0.44      -1.04     Missed  -134.6
 31 2022                                                
 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. 31 2022  4.38        4.42       4.25      Missed  -3.8
 This summary was machine generated April 30 at 18:57 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)