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

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

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

WEF has been the topic of several other research reports. TD Securities cut their target price on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research report on Friday, November 8th. CIBC cut their price target on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th.

Western Forest Products Price Performance

Shares of TSE:WEF opened at C$0.47 on Thursday. The firm’s fifty day moving average is C$0.49 and its 200-day moving average is C$0.48. Western Forest Products has a 52 week low of C$0.41 and a 52 week high of C$0.77. The firm has a market cap of C$148.87 million, a PE ratio of -3.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97.

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.