Labrador Iron Ore Royalty Corp expected to post earnings of 68 cents a share - Earnings Preview

Labrador Iron Ore Royalty

02/11/2024 04:02

* Labrador Iron Ore Royalty Corp  LIF.TO   is expected
to show a
fall in quarterly revenue when it reports  results on November 5
for the period ending January 1 0001
    * The Toronto Ontario-based  company is expected to report a
94.8% decrease in revenue to $2.5 million from $47.69 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Labrador Iron Ore
Royalty Corp
is for earnings of 68 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Labrador
Iron Ore
Royalty Corp is 32.50​, above​ its last closing price
of C$30.64. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.80        0.81       0.78      Missed  -3.2
 Mar. 31 0001  0.77        0.79       0.93      Beat    18
 Dec. 31 2023  0.95        0.98       0.80      Missed  -18.6​
 Sep. 30 2023  0.74        0.81       0.77      Missed  -4.9
 ​​Jun.        0.79        0.79       0.65      Missed  -17.9
 30 2023                                                
 Mar. 31 2023  1.00        1.00       0.68      Missed  -32.2​
 Dec. 31 2022  0.76        0.74       0.70      Missed  -5.7
 Sep. 30 2022  0.88        0.87       1.24      Beat    42
 This summary was machine generated November 2 at 04:01 GMT.  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)