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

Interfor

09/08/2024 24:57

* Interfor Corp  IFP.TO  reported a quarterly adjusted loss
of
$1.47​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -40
cents.  The mean expectation of five analysts for the quarter
was for a loss of 68 cents per share. Wall Street expected
results to range from C$-1.39 to $1.28 per share.
    * Revenue fell 11.5% to $771.20 million from a year ago;
analysts
expected $729.93 million. 
    * Interfor Corp's reported EPS for the quarter was a loss of
C$1.47​.
    * The company reported a quarterly loss of $75.8 million.
    * Interfor Corp shares had risen by 0.7% this quarter and
lost 29.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 32.7%
in the last three months.​ 
    * In the last 30 days, three 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$24.00 
This summary was machine generated from LSEG data August 8 at
11:57 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
 Jan. 1 0001       -0.68          -1.47          Missed
 Mar. 31 2024      -1.42          -1.42          Met
 Jan. 1 0001       -1.36          -3.29          Missed
 Sep. 30 2023      -0.02          -0.61          Missed