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

Canfor

03/11/2023 24:46

* Canfor Corp  CFP.TO  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 80
cents.  The mean expectation of five analysts for the quarter
was for a loss of 35 cents per share. Wall Street expected
results to range from -57 cents to 1 cents per share.
    * Revenue fell 21.2% to C$1.31 billion from a year ago;
analysts
expected C$1.27 billion. 
    * The company reported a quarterly loss of C$23.1 million.
    * Canfor Corp shares had fallen by 13.8% this quarter and
lost 31.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 167.7% 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," no
"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$24.00 
This summary was machine generated from LSEG data November 3 at
12:45 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.35          -0.16          Beat
 Jun. 30 2023      -0.38          -0.36          Beat
 Mar. 31 2023      -0.66          -1.20          Missed
 Dec. 31 2022      -0.44          -1.04          Missed