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

Interfor

02/11/2023 23:49

* Interfor Corp  IFP.TO  reported a quarterly adjusted loss
of 61
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of five analysts for the quarter
was for a loss of 41 cents per share. Wall Street expected
results to range from -50 cents to -32 cents per share.
    * Revenue fell 20% to C$828.10 million from a year ago;
analysts
expected C$820.43 million. 
    * Interfor Corp's reported EPS for the quarter was a loss
of 82
cents​.
    * The company reported a quarterly loss of C$42.4 million.
    * Interfor Corp shares had fallen by 12.5% this quarter and
lost 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 186.3% in the last three months.​ 
    * In the last 30 days, two 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 Interfor Corp is
C$29.00 
This summary was machine generated from LSEG data November 2 at
11:49 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.41          -0.61          Missed
 Jun. 30 2023      -0.20          -0.40          Missed
 Mar. 31 2023      -0.51          -0.60          Missed
 Dec. 31 2022      -0.84          -1.62          Missed