Stella-Jones Inc reports results for the quarter ended in June - Earnings Summary

Stella-Jones

07/08/2024 15:22

* Stella-Jones Inc  SJ.TO  reported quarterly adjusted
earnings of
C$1.94​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$1.72.  The mean expectation of seven analysts for the quarter
was for earnings of C$1.91 per share. Wall Street expected
results to range from C$1.76  to C$2.00 per share.
    * Revenue rose 7.9% to C$1.05 billion from a year ago;
analysts
expected C$1.06 billion. 
    * Stella-Jones Inc's reported EPS for the quarter was
$1.94​.
    * The company reported quarterly net income of $110 million.
    * Stella-Jones Inc shares had risen by 2.1% this quarter and
gained 18.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the forest & wood
products peer group is also "buy"

Wall Street's median 12-month price target for Stella-Jones Inc
is C$97.50 
This summary was machine generated from LSEG data August 7 at
02:22 p.m. UTC. ​All figures in Canadian 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      1.91           1.94           Beat
 Mar. 31 2024      1.07           1.36           Beat
 Dec. 31 2023      0.94           0.98           Beat
 Sep. 30 2023      1.31           1.91           Beat