Interfor Corp reports results for the quarter ended in September 30 - Earnings Summary

Interfor

07/11/2024 04:41

* Interfor Corp  IFP.TO  reported a quarterly adjusted loss
of
C$2.05​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of -61 cents.  The mean expectation of five analysts for the
quarter was for a loss of C$1.42 per share. Wall Street expected
results to range from C$-1.59 to C$-1.34 per share.
    * Revenue fell 16.4% to C$692.70 million from a year ago;
analysts
expected $695.20 million. 
    * Interfor Corp's reported EPS for the quarter was a loss of
$2.05​.
    * The company reported a quarterly loss of C$105.7 million.
    * Interfor Corp shares had fallen by 2.6% this quarter and
lost 15.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.1%
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 4 "strong buy" or "buy," 2
"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
24.00 
This summary was machine generated from LSEG data November 7 at
04:41 a.m. UTC. ​All figures in US 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
 Sep. 30 2024      -1.42          -2.05          Missed
 Jun. 30 2024      -0.68          -1.47          Missed
 Mar. 31 2024      -1.42          -1.42          Met
 Dec. 31 2023      -1.36          -3.29          Missed