FY2024 EPS Estimates for Colabor Group Decreased by Analyst

Colabor Group Inc. (TSE:GCL) – Research analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for Colabor Group in a report issued on Sunday, October 20th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.01 per share for the year, down from their prior estimate of $0.03. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Colabor Group’s current full-year earnings is $0.08 per share. Desjardins also issued estimates for Colabor Group’s Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.02 EPS and FY2026 earnings at $0.07 EPS.

Colabor Group (TSE:GCL) last announced its earnings results on Thursday, October 17th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The business had revenue of C$162.03 million for the quarter, compared to analyst estimates of C$164.27 million. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%.

Separately, Raymond James set a C$1.80 target price on Colabor Group and gave the stock an “outperform” rating in a research note on Tuesday, August 6th.

Colabor Group Trading Down 4.4 %

Shares of GCL stock opened at C$1.09 on Tuesday. The company has a debt-to-equity ratio of 155.65, a current ratio of 1.58 and a quick ratio of 0.76. The company has a market cap of C$111.17 million, a price-to-earnings ratio of 27.25, a PEG ratio of 0.61 and a beta of 0.83. The stock has a 50 day simple moving average of C$1.29 and a 200-day simple moving average of C$1.23. Colabor Group has a 1-year low of C$1.00 and a 1-year high of C$1.52.

Colabor Group Company Profile

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.