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

Canfor

28/07/2023 01:12

* Canfor Corp  CFP.TO  reported a quarterly adjusted loss
of 36
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 38 cents per share.
    * Revenue fell 33.4% to C$1.45 billion from a year ago;
analysts
expected C$1.36 billion. 
    * The mean earnings estimate of analysts had fallen by
about 41.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Canfor Corp shares had fallen by 6.6% this quarter and
gained 4.3% so far this year.
    * The company reported a quarterly loss of C$43.9 million.
    * Wall Street's median 12-month price target for Canfor Corp
is
C$30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 12:12 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.38          -0.36          Beat
 Mar. 31 2023      -0.66          -1.20          Missed
 Dec. 31 2022      -0.44          -1.04          Missed
 Sep. 30 2022      0.63           0.80           Beat