Canfor Pulp Products Third Quarter 2024 Earnings: CA$2.39 loss per share (vs CA$0.55 loss in 3Q 2023)

Canfor Pulp Products (TSE:CFX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$193.2m (up 2.3% from 3Q 2023).
• Net loss: CA$156.1m (loss widened by 337% from 3Q 2023).
• CA$2.39 loss per share (further deteriorated from CA$0.55 loss in 3Q 2023).

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

Canfor Pulp Products Earnings Insights

Looking ahead, revenue is expected to decline by 8.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Canada are expected to grow by 5.3%.

Performance of the Canadian Forestry industry.

The company's shares are down 1.0% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Canfor Pulp Products could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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