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

Canfor

04/05/2023 14:33

* Canfor Corp  CFP.TO  reported a quarterly adjusted loss of
C$1.20​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 66
cents per share.
    * Revenue fell 37.4% to C$1.39 billion from a year ago;
analysts
expected C$1.25 billion. 
    * The mean earnings estimate of analysts had fallen by
about 97%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Canfor Corp shares had fallen by 4.2% this quarter and
lost 2.4%
so far this year.
    * The company reported a quarterly loss of C$142 million.
    * Wall Street's median 12-month price target for Canfor Corp
is
C$29.50 
    * 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 LSEG Refinitiv data May
4 at 01:33 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.66          -1.20          Missed
 Dec. 31 2022      -0.44          -1.04          Missed
 Sep. 30 2022      0.63           0.80           Beat
 Jun. 30 2022      2.70           3.07           Beat