Labrador Iron Ore Royalty Corp reports results for the quarter ended in September 30 - Earnings Summary

Labrador Iron Ore Royalty

06/11/2024 03:47

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 53 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 77 cents.  The mean expectation of
five analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 52 cents to 90
cents per share.
    * Revenue fell 11.2% to C$42.34 million from a year ago;
analysts
expected C$2.50 million. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 53 cents​.
    * Labrador Iron Ore Royalty Corp shares had fallen by 5.0%
this
quarter and lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * 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 32.50 
This summary was machine generated from LSEG data November 6 at
03:47 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
 Sep. 30 2024      0.68           0.53           Missed
 Jun. 30 2024      0.81           0.78           Missed
 Mar. 31 2024      0.79                          
 Dec. 31 2023      0.98           0.80           Missed