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

Canfor

02/05/2024 17:52

* Canfor Corp  CFP.TO  reported a quarterly adjusted loss
of 44
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
C$-1.20.  The mean expectation of five analysts for the quarter
was for a loss of 66 cents per share. Wall Street expected
results to range from $-1.02 to -45 cents per share.
    * Revenue fell 0.2% to C$1.38 billion from a year ago;
analysts
expected C$1.29 billion. 
    * The company reported a quarterly loss of C$64.5 million.
    * Canfor Corp shares had fallen by 11.6% this quarter and
lost 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 325.8% in the last three months.​ 
    * In the last 30 days, four 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$21.50 
This summary was machine generated from LSEG data May 2 at 04:52
p.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
 Mar. 31 2024      -0.66          -0.44          Beat
 Dec. 31 2023      -0.70          -1.06          Missed
 Sep. 30 2023      -0.35          -0.16          Beat
 Jun. 30 2023                     -0.36