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

Labrador Iron Ore Royalty

07/08/2024 01:02

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 78 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 65 cents.  The mean expectation of
five analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 72 cents to 86
cents per share.
    * Revenue rose 3.1% to C$53.13 million from a year ago;
analysts
expected $2.41 million. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 78 cents​.
    * Labrador Iron Ore Royalty Corp shares had risen by 5.3%
this
quarter and lost 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Labrador Iron Ore
Royalty Corp is C$33.00 
This summary was machine generated from LSEG data August 7 at
12:01 a.m. UTC. ​All figures in US 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.81           0.78           Missed
 Mar. 31 2024      0.79           0.93           Beat
 Dec. 31 2023      0.98           0.80           Missed
 Sep. 30 2023      0.81           0.77           Missed