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

Canfor

29/07/2022 14:31

* Canfor Corp  CFP.TO  reported quarterly adjusted earnings
of
C$3.07​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
C$2.70 per share.
    * Revenue fell 13% to C$2.17 billion from a year ago;
analysts
expected C$1.99 billion. 
    * Canfor Corp's reported EPS for the quarter was C$3.02​.
    * The mean earnings estimate of analysts had risen by
about 20.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Canfor Corp shares had risen by 19.0% this quarter and
lost 16.7% so far this year.
    * The company reported quarterly net income of C$373.8
million.
    * Wall Street's median 12-month price target for Canfor Corp
is
C$38.00 
    * 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." 

This summary was machine generated from Refinitiv data July 29
at 01:31 p.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      2.70           3.07           Beat
 Mar. 31 2022      4.42           4.25           Missed
 Dec. 31 2021      1.45           1.24           Missed
 Sep. 30 2021      1.60           1.69           Beat