FY2024 Earnings Forecast for Colabor Group Issued By Cormark

Colabor Group Inc. (TSE:GCL) – Research analysts at Cormark cut their FY2024 earnings per share estimates for Colabor Group in a research note issued on Monday, October 21st. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $0.05 for the year, down from their previous estimate of $0.08. The consensus estimate for Colabor Group’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Colabor Group’s FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.15 EPS.

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

A number of other research analysts have also weighed in on the stock. Desjardins raised shares of Colabor Group to a “moderate buy” rating in a research note on Thursday, July 25th. Raymond James set a C$1.80 target price on Colabor Group and gave the company an “outperform” rating in a research report on Tuesday, August 6th.

Colabor Group Stock Up 4.9 %

Shares of TSE GCL opened at C$1.08 on Wednesday. The firm has a market cap of C$110.15 million, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The company’s 50-day simple moving average is C$1.27 and its 200-day simple moving average is C$1.22. 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 52-week low of C$1.00 and a 52-week high of C$1.52.

About Colabor Group

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.