What is Scotiabank's Forecast for TSE:WEF Q4 Earnings?

Western Forest Products Inc. (TSE:WEF - Free Report) - Investment analysts at Scotiabank issued their Q4 2024 earnings estimates for shares of Western Forest Products in a report released on Monday, November 11th. Scotiabank analyst B. Isaacson expects that the company will post earnings of ($0.05) per share for the quarter. The consensus estimate for Western Forest Products' current full-year earnings is $0.00 per share.

Western Forest Products (TSE:WEF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.03). The company had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%.

Several other analysts have also issued reports on the stock. CIBC reduced their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. TD Securities cut their target price on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a research note on Friday, November 8th.

Western Forest Products Price Performance

Western Forest Products stock traded down C$0.02 during trading hours on Thursday, reaching C$0.45. 2,630,756 shares of the stock were exchanged, compared to its average volume of 381,085. The stock has a 50 day moving average of C$0.49 and a two-hundred day moving average of C$0.48. The company has a market cap of C$142.54 million, a P/E ratio of -3.29, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. Western Forest Products has a twelve month low of C$0.41 and a twelve month high of C$0.77.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.