Interfor Corp reports results for the quarter ended in December - Earnings Summary

Interfor

08/02/2024 23:51

* Interfor Corp  IFP.TO  reported a quarterly adjusted loss
of
C$3.29​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
C$-1.62.  The mean expectation of five analysts for the quarter
was for a loss of C$1.36 per share. Wall Street expected
results to range from C$-1.65 to -93 cents per share.
    * Revenue fell 3% to C$785.90 million from a year ago;
analysts
expected C$707.67 million. 
    * Interfor Corp's reported EPS for the quarter was a loss of
C$3.29​.
    * The company reported a quarterly loss of C$169 million.
    * Interfor Corp shares had fallen by 14.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 256.9% 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 Interfor Corp is
C$29.50 
This summary was machine generated from LSEG data February 8 at
11:51 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
 Dec. 31 2023      -1.36          -3.29          Missed
 Sep. 30 2023      -0.02          -0.61          Missed
 Jun. 30 2023      0.00           -0.40          Missed
 Mar. 31 2023      -0.47          -0.60          Missed