Scotiabank Has Positive Outlook for TSE:WEF Q4 Earnings

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

A number of other equities analysts also recently weighed in on WEF. 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. Raymond James decreased their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Tuesday.

Western Forest Products Stock Performance

Shares of WEF opened at C$0.43 on Thursday. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. Western Forest Products has a one year low of C$0.39 and a one year high of C$0.72. The company has a 50-day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.45. The firm has a market capitalization of C$134.62 million, a PE ratio of -3.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.

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.

Western Forest Products Company Profile

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.