What is Scotiabank’s Forecast for Interfor Q3 Earnings?

Interfor Co. (TSE:IFP) – Scotiabank issued their Q3 2024 EPS estimates for Interfor in a research note issued on Monday, October 21st. Scotiabank analyst B. Isaacson forecasts that the company will post earnings per share of ($1.58) for the quarter. Scotiabank currently has a “Outperform” rating and a $24.00 price target on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Several other equities research analysts have also recently commented on IFP. CIBC boosted their price target on shares of Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. TD Securities lowered shares of Interfor from a “buy” rating to a “hold” rating and upped their price target for the company from C$21.00 to C$23.00 in a research note on Friday, October 18th. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday. Cibc World Mkts lowered shares of Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada cut their price target on shares of Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.00.

Interfor Price Performance

Shares of IFP stock opened at C$20.03 on Wednesday. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -2.86 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The firm has a fifty day moving average of C$18.60 and a 200-day moving average of C$17.89.

Interfor (TSE:IFP) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. The company had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.