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

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

Separately, TD Securities decreased their target price on shares of 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.

Western Forest Products Trading Down 2.2 %

Shares of WEF opened at C$0.44 on Thursday. Western Forest Products has a fifty-two week low of C$0.41 and a fifty-two week high of C$0.77. The firm has a market cap of C$139.37 million, a price-to-earnings ratio of -3.20, a PEG ratio of 0.32 and a beta of 1.81. The firm has a 50 day moving average price of C$0.49 and a 200-day moving average price of C$0.48. 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.