Desjardins Decreases Earnings Estimates for Colabor Group

Colabor Group Inc. (TSE:GCL) – Stock analysts at Desjardins cut their FY2024 earnings per share (EPS) estimates for shares of Colabor Group in a research report issued to clients and investors on Sunday, October 20th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.01 per share for the year, down from their previous forecast of $0.03. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Colabor Group’s current full-year earnings is $0.08 per share. Desjardins also issued estimates for Colabor Group’s Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.02 EPS and FY2026 earnings at $0.07 EPS.

Separately, Raymond James set a C$1.80 price objective on Colabor Group and gave the stock an “outperform” rating in a research report on Tuesday, August 6th.

Colabor Group Price Performance

GCL stock opened at C$1.03 on Tuesday. The company’s 50-day moving average price is C$1.28 and its two-hundred day moving average price is C$1.22. The firm has a market cap of C$105.05 million, a P/E ratio of 25.75, a P/E/G ratio of 0.61 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 155.65. Colabor Group has a 12 month low of C$1.00 and a 12 month high of C$1.52.

Colabor Group (TSE:GCL) last posted its quarterly earnings data on Thursday, October 17th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$162.03 million for the quarter, compared to the consensus estimate of C$164.27 million. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%.

Colabor Group Company Profile

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.