Scotiabank Issues Positive Forecast for TSE:WEF Earnings

Western Forest Products Inc. (TSE:WEF) – Equities research analysts at Scotiabank lifted their Q4 2024 earnings per share (EPS) estimates for Western Forest Products in a report released on Tuesday, January 21st. Scotiabank analyst B. Isaacson now forecasts that the company will earn ($0.02) per share for the quarter, up from their prior forecast 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 released its earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. The firm had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million.

A number of other brokerages have also recently issued reports on WEF. TD Securities reduced their price objective on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research note on Friday, November 8th. Raymond James reduced their price objective on Western Forest Products from C$0.60 to C$0.50 in a research note on Tuesday.

Western Forest Products Stock Up 1.2 %

Shares of TSE:WEF opened at C$0.43 on Thursday. The stock’s 50-day moving average price is C$0.43 and its 200-day moving average price is C$0.45. Western Forest Products has a 12-month low of C$0.39 and a 12-month high of C$0.72. The stock has a market capitalization of C$134.62 million, a P/E ratio of -3.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43.

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.