Q4 Earnings Estimate for TSE:WEF Issued By Scotiabank

Western Forest Products Inc. (TSE:WEF) – Analysts at Scotiabank issued their Q4 2024 earnings estimates for shares of Western Forest Products in a research report issued 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) last released its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of C$242.00 million.

Several other research analysts have also weighed in on the company. CIBC lowered their price objective on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. TD Securities lowered 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 report on Friday, November 8th.

Western Forest Products Price Performance

Shares of TSE WEF opened at C$0.45 on Thursday. The company has a market capitalization of C$142.54 million, a PE ratio of -3.21, a P/E/G ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 2.97 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. The firm has a fifty day simple moving average of C$0.49 and a 200 day simple moving average of C$0.48.

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.