Labrador Iron Ore Royalty Corp expected to post earnings of C$1.80 a share - Earnings Preview

Labrador Iron Ore Royalty

03/08/2021 21:33

* Labrador Iron Ore Royalty Corp  LIF.TO   LIF.TO  is expected
to show a rise in quarterly revenue when it reports results on
August 5. 
* The Toronto, Ontario-based company is expected to report   a
39.2% increase in revenue to C$65 million from C$46.71 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
​* Refinitiv's mean analyst estimate for Labrador Iron Ore
Royalty Corp is for earnings of C$1.80 per share. For the same
quarter last year, the company reported earnings of 76 cents per
share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 2 "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$47.5​, about 4.4% below​ its last closing
price of C$49.61. ​​​
* Previous quarterly performance (using preferred earnings
measure in Canadian dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.57        1.58       1.35      Missed  -14.4
 Dec. 31 2020  1.16        1.16       1.16      Met     0.4
 Sep. 30 2020  1.03        1.04       0.90      Missed  -13.2​
 Jun. 30 2020  0.79        0.79       0.76      Missed  -3.4
 Mar.          0.69​       0.70       0.73      Beat    4.5​
 31​ 2020​                                              
 Dec. 31 2019  0.84        0.82       0.74      Missed  -9.4​
 Sep. 30 2019  0.93        0.95       0.90      Missed  -4.9
 Jun. 30 2019  1.10        1.11       0.71      Missed  -14.2
 This summary was machine generated August 3 at 20:33 GMT.  All
figures in Canadian dollars unless otherwise stated