Canfor Corp expected to post earnings of C$2.70 a share - Earnings Preview

Canfor

27/07/2022 17:23

* Canfor Corp  CFP.TO   is expected to show a fall in
quarterly
revenue when it reports  results on July 29. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 20.3% decrease in revenue to C$1.988 billion from
C$2.5 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
earnings of C$2.70 per share. For the same quarter last year,
the company reported earnings of C$5.76 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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$38​, above​ its last closing price of C$25.87. ​​​
    * 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 2022  4.38        4.42       4.25      Missed  -3.8
 Dec. 31 2022  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
 ​​Mar.        3.37        3.38       3.47      Beat    2.7
 31 2021                                                
 Dec. 31 2020  1.72        1.63       2.62      Beat    60.5​
 Sep. 30 2020  1.76        1.61       1.78      Beat    10.8
 Jun. 30 2020  -0.10       -0.11      0.55      Beat    591.1
 This summary was machine generated July 27 at 16:23 GMT.  All
figures in Canadian dollars  unless otherwise stated