Canfor Corp reports results for the quarter ended in December - Earnings Summary

Canfor

06/03/2024 01:01

* Canfor Corp  CFP.TO  reported a quarterly adjusted loss of
C$1.06​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
C$-1.04.  The mean expectation of six analysts for the quarter
was for a loss of 70 cents per share. Wall Street expected
results to range from -94 cents to -8 cents per share.
    * Revenue fell 6.6% to C$1.28 billion from a year ago;
analysts
expected C$1.25 billion. 
    * The company reported a quarterly loss of C$117.1 million.
    * Canfor Corp shares had fallen by 5.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the forest & wood
products peer group is also "buy"

Wall Street's median 12-month price target for Canfor Corp is
C$23.00 
This summary was machine generated from LSEG data March 6 at
01:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.70          -1.06          Missed
 Sep. 30 2023      -0.35          -0.16          Beat
 Jun. 30 2023      -0.38          -0.36          Beat
 Mar. 31 2023      -0.66          -1.20          Missed