Q4 Earnings Forecast for TSE:WEF Issued By Scotiabank

Western Forest Products Inc. (TSE:WEF) – Scotiabank issued their Q4 2024 EPS estimates for shares of Western Forest Products in a 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) 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 company had revenue of C$241.70 million during the quarter, compared to analysts’ expectations of C$242.00 million.

Separately, TD Securities decreased their price objective 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 Stock Down 2.2 %

Shares of TSE:WEF opened at C$0.44 on Thursday. 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 has a 52-week low of C$0.41 and a 52-week high of C$0.77. The firm has a market capitalization of C$139.37 million, a P/E ratio of -3.20, a P/E/G ratio of 0.32 and a beta of 1.81. The stock has a 50 day moving average price of C$0.49 and a 200-day moving average price 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.