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

Labrador Iron Ore Royalty

05/05/2023 02:16

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 68 cents​​ per share for the quarter ended
in March. The mean expectation of six analysts for the quarter
was for earnings of C$1.00 per share.
    * Revenue fell 12.8% to C$47.21 million from a year ago;
analysts
expected C$2.90 million. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 68 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Labrador Iron Ore Royalty Corp shares had fallen by 8.5%
this
quarter and lost 12.8% so far this year.
    * 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 May
5 at 01:16 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.30           1.23           Missed