Labrador Iron Ore Royalty Corp expected to post earnings of 81 cents a share - Earnings Preview

Labrador Iron Ore Royalty

02/08/2024 22:11

* Labrador Iron Ore Royalty Corp  LIF.TO   is expected
to show a
fall in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The Toronto Ontario-based  company is expected to report a
95.3% decrease in revenue to C$2.41 million from C$51.54 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 81 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"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 C$33.00​, above​ its last closing price
of C$30.63. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.77        0.79       0.93      Beat    18
 Dec. 31 2024  0.95        0.98       0.80      Missed  -18.6
 Sep. 30 2023  0.74        0.81       0.77      Missed  -4.9​
 Jun. 30 2023  0.79        0.79       0.65      Missed  -17.9
 ​​Mar.        1.00        1.00       0.68      Missed  -32.2
 31 2023                                                
 Dec. 31 2022  0.76        0.74       0.70      Missed  -5.7​
 Sep. 30 2022  0.88        0.87       1.24      Beat    42
 Jun. 30 2022  1.28        1.30       1.23      Missed  -5.5
 This summary was machine generated August 2 at 21:11 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)