Labrador Iron Ore Royalty Corp reports results for the quarter ended in December - Earnings Summary

Labrador Iron Ore Royalty

09/03/2023 22:01

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 70 cents​​ per share for the quarter ended
in December. The mean expectation of six analysts for the
quarter was for earnings of 74 cents per share.
    * Revenue fell 19.6% to C$48.27 million from a year ago. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 70 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Labrador Iron Ore Royalty Corp shares had risen by 1.4%
this
quarter.
    * The company reported quarterly net income of C$44.57
million.
    * Wall Street's median 12-month price target for Labrador
Iron Ore
Royalty Corp is C$36.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 10:01 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.74           0.70           Missed
 Sep. 30 2022      0.87           1.24           Beat
 Jun. 30 2022      1.30           1.23           Missed
 Mar. 31 2022      1.16           0.99           Missed