Canfor Full Year 2023 Earnings: EPS Misses Expectations

Canfor (TSE:CFP) Full Year 2023 Results

Key Financial Results

• Revenue: CA$5.43b (down 27% from FY 2022).
• Net loss: CA$326.1m (down by 141% from CA$787.3m profit in FY 2022).
• CA$2.71 loss per share (down from CA$6.39 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Canfor EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Forestry industry in Canada.

Performance of the Canadian Forestry industry.

The company's shares are up 2.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Canfor's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.