West Fraser Timber Co Ltd reports results for the quarter ended in December - Earnings Summary

West Fraser Timber Co

15/02/2024 24:14

* West Fraser Timber Co Ltd  WFG.TO  reported a quarterly
adjusted
loss of $1.83​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $-1.13.  The mean expectation of five analysts for the
quarter was for a loss of 43 cents per share. Wall Street
expected results to range from -77 cents to -19 cents per share.
    * Revenue fell 6.3% to $1.51 billion from a year ago;
analysts
expected $1.47 billion. 
    * West Fraser Timber Co Ltd's reported EPS for the quarter
was a
loss of $1.83​.
    * The company reported a quarterly loss of $153 million.
    * West Fraser Timber Co Ltd shares had fallen by 8.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 97.7%
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 6 "strong buy" or "buy," no
"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 West Fraser
Timber Co Ltd is $98.50 
This summary was machine generated from LSEG data February 15 at
12:14 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
 Dec. 31 2023      -0.43          -1.83          Missed
 Sep. 30 2023      1.35           1.81           Beat
 Jun. 30 2023      0.48           -1.57          Missed
 Mar. 31 2023      -0.35          -0.52          Missed