Stock Analysis

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

Published
TSX:CFX

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).
TSX:CFX Earnings and Revenue History November 1st 2024

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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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.