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

Labrador Iron Ore Royalty

03/08/2023 09:55

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 65 cents​​ per share for the quarter ended
in June. The mean expectation of five analysts for the quarter
was for earnings of 79 cents per share.
    * Revenue fell 22.4% to C$51.54 million from a year ago. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 22%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Labrador Iron Ore Royalty Corp shares had fallen by 1.4%
this
quarter and lost 8.8% so far this year.
    * Wall Street's median 12-month price target for Labrador
Iron Ore
Royalty Corp is C$34.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 08:55 a.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.79           0.65           Missed
 Mar. 31 2023      1.00           0.68           Missed
 Dec. 31 2022      0.74           0.70           Missed
 Sep. 30 2022      0.87           1.24           Beat