Scotiabank Has Positive Forecast for TSE:WEF Q4 Earnings

Western Forest Products Inc. (TSE:WEF) – Equities researchers at Scotiabank upped their Q4 2024 earnings estimates for shares of Western Forest Products in a research note issued on Tuesday, January 21st. Scotiabank analyst B. Isaacson now expects that the company will post earnings of ($0.02) per share for the quarter, up from their previous estimate of ($0.05). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

Western Forest Products (TSE:WEF) last issued its 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 business had revenue of C$241.70 million for the quarter, compared to analysts’ expectations of C$242.00 million.

WEF has been the subject of several other reports. Raymond James reduced their price target on Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday. 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 for the company in a research note on Friday, November 8th.

Western Forest Products Stock Performance

TSE WEF opened at C$0.42 on Thursday. Western Forest Products has a fifty-two week low of C$0.39 and a fifty-two week high of C$0.70. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The firm has a market capitalization of C$133.04 million, a P/E ratio of -3.00, a PEG ratio of 0.32 and a beta of 1.81. The stock has a 50-day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.45.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.