West Fraser Timber Co Ltd reports results for the quarter ended June 30 - Earnings Summary

• West Fraser Timber Co Ltd WFG.TO reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.20. The mean expectation of five analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 78 cents to 89 cents per share.

• Revenue fell 10.1% to $1.53 billion from a year ago; analysts expected $1.59 billion.

• West Fraser Timber Co Ltd's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $24 million.

• West Fraser Timber Co Ltd shares had risen by 2.2% this quarter and lost 18.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the forest & wood products peer group is also "buy"

This summary was machine generated from LSEG data July 23 at 10:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)