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

Canfor

28/10/2022 01:00

* Canfor Corp  CFP.TO  reported quarterly adjusted earnings
of 80
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
63 cents per share.
    * Revenue fell 0.6% to C$1.67 billion from a year ago;
analysts
expected C$1.56 billion. 
    * Canfor Corp's reported EPS for the quarter was 71 cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.4%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Canfor Corp shares had fallen by 4.0% this quarter and
lost 39.8% so far this year.
    * The company reported quarterly net income of C$87.4
million.
    * Wall Street's median 12-month price target for Canfor Corp
is
C$33.00 
    * 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." 

This summary was machine generated from Refinitiv data October
28 at 12:00 a.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.63           0.80           Beat
 Jun. 30 2022      2.70           3.07           Beat
 Mar. 31 2022      4.42           4.25           Missed
 Dec. 31 2021      1.45           1.24           Missed