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

Western Forest Products Inc. (TSE:WEF) – Stock analysts at Scotiabank issued their Q4 2024 earnings per share estimates for Western Forest Products in a report issued on Monday, November 11th. Scotiabank analyst B. Isaacson expects that the company will earn ($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 posted its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share 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 analysts have also issued reports on the stock. CIBC lowered their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. TD Securities dropped their target price on 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 Price Performance

TSE WEF opened at C$0.47 on Thursday. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43. The company has a market cap of C$148.87 million, a PE ratio of -3.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products has a 52 week low of C$0.41 and a 52 week high of C$0.77. The firm’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is 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.